This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals due to its ability to introduce pyridine and trifluoromethyl groups into target molecules. Its boronic acid functionality allows for efficient coupling with aryl or vinyl halides, enabling the creation of complex organic structures. Additionally, it finds use in material science for developing advanced polymers and electronic materials. Its trifluoromethyl group enhances the stability and bioactivity of the final products, making it valuable in drug discovery and development.