When using this feature, ‘Trace Image’, the result is already a set of vector path shapes, so no further conversion is required, thus not available.
The ‘Boolean’ tools can work well for this requirement. Redirecting...
This video should help in understanding what these do and which should be used to accomplish the desired result.
Edit: I just remembered I had replied to a post about a year ago where the shape was much more challenging, but shows what can be achieved with these Modifiers.
