Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated compounds with enhanced metabolic stability and bioavailability. Its iodo and aldehyde functional groups allow for selective cross-coupling reactions and condensation processes, making it valuable in building complex organic molecules. Commonly employed in the preparation of active ingredients in crop protection agents and in medicinal chemistry for constructing heterocyclic systems. The presence of the trifluoromethyl group contributes to improved lipophilicity and binding affinity in biologically active compounds.