This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. 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 trifluoromethyl group enhances the compound's stability and reactivity, which is beneficial in creating compounds with specific electronic properties. Additionally, its piperidine moiety can contribute to the biological activity of the final products, making it useful in drug discovery and development.