This chemical is primarily used in organic synthesis as a building block for creating more complex molecules. It is particularly valuable in cross-coupling reactions, such as Suzuki-Miyaura couplings, where it acts as a stable and efficient organoboron reagent to introduce the piperidinium-1-ylmethyl group into target compounds. Its application is significant in pharmaceutical research, as piperidine-containing moieties are often incorporated into drug molecules to modulate their pharmacological properties. Additionally, it is utilized in material science for the development of advanced materials with specific electronic or structural properties. The compound's stability and reactivity make it a versatile tool in various fields of chemical research and industrial applications.