This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals and agrochemicals. It is also employed in the synthesis of complex organic molecules, including heterocyclic compounds, which are essential in drug discovery and material science. Additionally, its piperidine moiety contributes to its role in creating bioactive compounds with potential therapeutic applications.