Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its trifluoro and iodo substituents make it valuable in cross-coupling reactions, such as Suzuki or Sonogashira reactions, to create complex organic molecules. Also employed in agrochemical research for the production of herbicides and pesticides. Its unique structure allows for precise modifications, enhancing the efficacy of target compounds. Additionally, it serves as a building block in material science for designing advanced polymers and specialty chemicals.