This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a boronic acid reagent, enabling the formation of carbon-carbon bonds between aryl or vinyl boronic acids and aryl or vinyl halides. This reaction is widely employed in the pharmaceutical industry for the synthesis of complex molecules, including drug candidates and intermediates. Additionally, it finds applications in material science for the development of organic electronic materials and polymers. Its trifluoromethyl and piperidinyl groups contribute to enhanced reactivity and stability, making it a valuable building block in the design of advanced chemical structures.