This week's book giveaway is in the OCPJP forum. We're giving away four copies of OCA/OCP Java SE 7 Programmer I & II Study Guide and have Kathy Sierra & Bert Bates on-line! See this thread for details.
The only reason to sycnhronize a connection object would be if you were sharing it among multiple threads. Sharing a single connection among multiple threads is a very very very very bad idea.
So no, don't allow more than one thread to use an open connection and then you don't have to synchronize.
If you decide to ignore this advice and allow multiple threads to use a connection object, then only only thread at a time can use the object while it is open, which of course you could accomplish with synchronization. This will make your programmer between 100 and 1,000,000 times slower for some operations though (if it's multi-threaded). Like I said, a very bad idea.