Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for creating complex molecules due to its trifluoromethyl and iodine groups, which enhance reactivity and stability. Applied in cross-coupling reactions, such as Suzuki and Sonogashira couplings, to form carbon-carbon bonds. Also utilized in the development of liquid crystals and advanced materials for electronic displays. Its unique properties make it valuable in medicinal chemistry for designing drug candidates with improved efficacy and selectivity.