This compound is primarily used in organic synthesis as an intermediate for the production of more complex chemical structures. It is particularly valuable in the development of pharmaceuticals, where its trifluoroethoxy and phenoxy groups contribute to the bioactive properties of the final compounds. Additionally, it finds application in the synthesis of agrochemicals, aiding in the creation of herbicides or pesticides with enhanced efficacy. Its bromoethyl group allows for further functionalization, making it a versatile building block in various chemical reactions.