This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the preparation of complex organic molecules, especially in pharmaceutical research. The boronic acid group enables efficient coupling with aryl halides, facilitating the construction of biaryl structures, which are common in many drug candidates. Its specific structure, incorporating a fluoro and hydroxypiperidine moiety, makes it valuable in designing compounds with potential biological activity, such as enzyme inhibitors or receptor modulators. Additionally, it may be employed in the development of diagnostic agents or imaging probes due to its ability to interact with specific biological targets.