This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is particularly valuable in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs). Its structure, featuring both bromo and chloro substituents, allows for selective functionalization, making it useful in cross-coupling reactions such as Suzuki or Buchwald-Hartwig reactions. The trifluoroethoxy group enhances its stability and can influence the pharmacokinetic properties of the final drug molecules. Additionally, it finds applications in agrochemical research for the synthesis of herbicides and pesticides, where its unique electronic properties contribute to the efficacy of the end products.