Used primarily as a synthetic intermediate in organic chemistry, this compound serves in the preparation of fluorinated pharmaceuticals and agrochemicals. Its structure allows for selective transformations, particularly in introducing trifluoromethyl groups into target molecules. It is also employed in the synthesis of bioactive compounds where the presence of both bromine and trifluoromethyl functionalities enables further cross-coupling reactions or nucleophilic substitutions. Due to its reactivity, it is valuable in building complex molecular frameworks in medicinal chemistry research.