This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its reactive bromomethyl group and trifluoromethyl substituent. It serves as a key intermediate in the development of active ingredients for drugs targeting various diseases, including anti-inflammatory and antiviral agents. Additionally, it is employed in the production of herbicides and pesticides, where the trifluoromethyl group enhances the biological activity and stability of the final product. Its versatility in organic synthesis also makes it valuable for constructing complex molecules in research and industrial applications.