This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables it to act as a key reagent for forming carbon-carbon bonds, making it valuable in the development of pharmaceuticals and complex organic molecules. Additionally, it serves as a building block in the synthesis of bioactive compounds, especially those targeting neurological disorders. Its structural features, including the piperidine moiety, make it suitable for designing molecules with potential therapeutic applications, such as enzyme inhibitors or receptor modulators.