This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The piperidine moiety enhances its solubility and reactivity in various solvents, while the trifluoromethyl group can influence the electronic properties of the resulting compounds, potentially improving their biological activity or stability. It is often employed in the development of drug candidates, especially in the modification of aromatic rings to enhance therapeutic efficacy. Additionally, it may be used in material science for the creation of advanced polymers or functionalized surfaces.