This chemical is widely used in organic synthesis, particularly as a building block in the pharmaceutical and agrochemical industries. Its unique structure, containing both bromine and iodine substituents, makes it a versatile intermediate for cross-coupling reactions, such as Suzuki and Sonogashira couplings, which are essential for creating complex molecules. Additionally, the trifluoromethyl group enhances the compound's stability and lipophilicity, making it valuable in the development of bioactive compounds. It is also employed in material science for the synthesis of advanced polymers and liquid crystals, where its halogenated aromatic ring contributes to desirable electronic and optical properties.