Used primarily in organic synthesis, this compound serves as a key building block in the preparation of pharmaceuticals and agrochemicals. Its boron-containing structure makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. It is particularly useful in the development of drugs targeting specific biological pathways, such as enzyme inhibitors or receptor modulators. Additionally, its pyridine and trifluoromethyl groups contribute to its stability and reactivity, making it a versatile intermediate in medicinal chemistry and material science applications.