This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a boronic ester reagent. Its trifluoromethyl and pyridine groups make it valuable in the development of pharmaceuticals and agrochemicals, contributing to the creation of compounds with enhanced biological activity and stability. Additionally, it is used in material science for designing advanced materials, such as organic semiconductors, due to its electronic properties. Its versatility in forming carbon-carbon bonds makes it a key intermediate in the synthesis of complex molecules.