Widely used in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure allows it to be incorporated into molecules with potential therapeutic properties, particularly in the development of drugs targeting central nervous system disorders and anti-inflammatory agents.

In agrochemical research, this compound serves as a building block for creating novel pesticides and herbicides. Its trifluoromethyl group enhances the biological activity and stability of the resulting compounds, making them effective in crop protection.

Additionally, it is employed in organic synthesis for the preparation of complex aromatic compounds. Its bromo and iodo substituents make it a versatile reagent for cross-coupling reactions, such as Suzuki and Sonogashira reactions, which are essential in the production of fine chemicals and advanced materials.

In material science, it is utilized in the development of organic semiconductors and liquid crystals, contributing to advancements in electronic devices and display technologies.