Used primarily as a building block in organic synthesis, particularly in the pharmaceutical and agrochemical industries. It serves as a key intermediate in the preparation of complex molecules, including active pharmaceutical ingredients (APIs) and crop protection agents. The presence of fluorine and iodine atoms makes it valuable for introducing specific functional groups or enabling cross-coupling reactions, such as Suzuki or Sonogashira reactions. Its applications also extend to materials science, where it is utilized in the development of advanced polymers and liquid crystals.