This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the construction of complex molecules, including pharmaceuticals and agrochemicals. The trifluoromethyl group enhances the compound's stability and can influence the biological activity of the final products. Additionally, the piperidine moiety contributes to the compound's versatility in drug discovery, as it is a common structural motif in bioactive molecules. Its application extends to the development of new materials and ligands for catalysis, where its unique structure can improve reaction efficiency and selectivity.