Primarily utilized in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its unique structure, featuring both bromine and trifluoromethoxy groups, makes it valuable for introducing these functional groups into more complex molecules. It is often employed in cross-coupling reactions, such as Suzuki or Heck reactions, to create biologically active compounds. Additionally, it is used in the development of liquid crystals and advanced materials due to its ability to influence molecular stability and electronic properties. Its halogenated nature also makes it suitable for use in flame retardants and other specialty chemical applications.