This chemical is primarily utilized in organic synthesis, particularly in the development of complex molecules. It serves as a versatile building block in the creation of pharmaceuticals, agrochemicals, and specialty chemicals. The presence of both bromine and iodine atoms makes it highly reactive in cross-coupling reactions, such as Suzuki and Sonogashira couplings, enabling the formation of carbon-carbon bonds. Additionally, the trifluoromethoxy group enhances the compound's stability and lipophilicity, making it valuable in the design of bioactive compounds. Its application extends to material science, where it is used in the synthesis of advanced polymers and liquid crystals.