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 iodine functionality allows for further derivatization via cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex aromatic systems. Commonly employed in the preparation of antifungal agents and kinase inhibitors due to the favorable electronic and steric properties imparted by the difluoromethyl group.