This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for constructing complex molecules. Its boronic ester group enables efficient coupling with aryl or vinyl halides, making it valuable in the development of pharmaceuticals, agrochemicals, and materials science. The N-Boc protection on the piperidine ring ensures stability during reactions while allowing for deprotection when needed, offering versatility in synthetic pathways. It is also employed in the synthesis of heterocyclic compounds, which are essential in drug discovery for their biological activity.