This chemical is primarily used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its unique structure, featuring bromine, iodine, and a trifluoromethoxy group, makes it valuable for constructing complex molecules through cross-coupling reactions, such as Suzuki or Sonogashira couplings. It is also employed in the synthesis of bioactive compounds, where the trifluoromethoxy group can enhance metabolic stability and bioavailability. Additionally, it finds use in material science for creating specialized polymers or liquid crystals with specific electronic or optical properties.