Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated and iodinated aromatic compounds. Its structure allows for selective functionalization in drug discovery, making it valuable in creating bioactive molecules. Commonly employed in cross-coupling reactions, such as Suzuki or Heck reactions, to build complex organic frameworks. Also utilized in the preparation of agrochemicals and specialty materials where halogenated benzaldehydes are required. The presence of both fluoro and iodo groups enables sequential transformations, offering flexibility in synthetic routes.