Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of herbicides and fungicides. Its structure allows for selective functionalization in cross-coupling reactions, making it valuable in the production of complex organic molecules. Commonly employed in the manufacture of active ingredients in crop protection agents due to the combined electron-withdrawing effects of chlorine, iodine, and trifluoromethyl groups, which enhance stability and bioactivity. Also utilized in research settings for labeling and tracer studies owing to the presence of iodine, which can be substituted with radioactive or stable isotopes.