This chemical is primarily utilized in organic synthesis, particularly in the development of complex molecules. It serves as a versatile intermediate in the preparation of pharmaceuticals, agrochemicals, and specialty chemicals. Its unique structure, featuring both fluorine and iodine substituents, makes it valuable in cross-coupling reactions, such as the Suzuki-Miyaura or Sonogashira reactions, which are essential for constructing carbon-carbon bonds. Additionally, it is employed in the synthesis of advanced materials and in research applications where selective functionalization of aromatic compounds is required. Its fluorine atoms can enhance the stability and bioavailability of the final products, making it a useful building block in medicinal chemistry.