Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated and iodinated aromatic compounds. Its dual halogen functionality allows for selective cross-coupling reactions, making it valuable in medicinal chemistry for building complex molecules. Commonly employed in the preparation of active pharmaceutical ingredients (APIs) where fluorine and iodine substituents enhance metabolic stability and binding affinity. Also utilized in the creation of specialty materials and labeled compounds for research and diagnostics.