This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in pharmaceutical research. It serves as a key intermediate in the development of various active pharmaceutical ingredients (APIs). Its unique structure, featuring both fluorine and iodine substituents, makes it valuable for creating molecules with specific biological activities. Additionally, it is employed in the preparation of agrochemicals, where it contributes to the development of new pesticides or herbicides. The compound is also used in material science for designing advanced materials with tailored properties, such as liquid crystals or polymers. Its versatility in chemical reactions, including cross-coupling reactions, further enhances its importance in industrial and academic research settings.