Used in organic synthesis as an intermediate for pharmaceuticals and agrochemicals. The iodine and fluorine substituents make it suitable for cross-coupling reactions, such as Suzuki or Ullmann reactions, enabling the construction of complex aromatic systems. Commonly employed in the development of bioactive molecules where halogenated aromatics enhance binding affinity or metabolic stability. Also applied in radiolabeling studies due to the presence of iodine, allowing for tracking in biological systems.