Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in reactions where selective functionalization of aromatic rings is required. Its halogen atoms allow for cross-coupling reactions, such as Suzuki or Ullmann couplings, enabling the construction of complex organic molecules. The presence of both chlorine and iodine offers differential reactivity, with iodine being more reactive in coupling processes, allowing stepwise transformations. The electron-withdrawing trifluoromethoxy group enhances stability and influences the electronic properties of the final compound, making it valuable in the development of bioactive molecules, including potential candidates in medicinal chemistry and crop protection agents.