Used in pharmaceutical research as a building block for synthesizing complex molecules, particularly in the development of new drugs. Its unique structure allows for the introduction of fluorine and iodine atoms into target compounds, enhancing their biological activity and stability. Commonly employed in the creation of potential therapeutic agents, including those targeting neurological disorders and cancer. Also utilized in material science for the development of advanced organic materials with specific electronic properties. Its reactivity makes it valuable in cross-coupling reactions, enabling the construction of diverse chemical structures for various applications.