Used primarily as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its unique structure, featuring both fluorine and iodine atoms, makes it valuable for creating complex molecules, especially in the development of active pharmaceutical ingredients (APIs). It is also employed in the synthesis of advanced materials and specialty chemicals, where its halogenated aromatic ring can enhance stability and reactivity. Additionally, it plays a role in the preparation of dyes and pigments due to its ability to modify color properties and improve performance.