Used as a key intermediate in the synthesis of liquid crystals and organic semiconductors due to its ability to undergo selective coupling reactions. Its fluorinated aromatic structure enhances electron-accepting properties, making it valuable in materials for OLEDs and electronic devices. Also employed in pharmaceutical research for radiolabeling and tracer studies because of the iodine atoms, which can be replaced or used directly in imaging applications. Commonly utilized in palladium-catalyzed cross-coupling reactions to build complex fluorinated molecules.