Used primarily in organic synthesis as a building block for more complex molecules, it serves as an intermediate in the production of pharmaceuticals and agrochemicals. Its trifluoromethyl and iodo groups make it valuable for introducing these functionalities into target compounds, enhancing their biological activity or chemical properties. It is also employed in the development of materials science, particularly in the creation of specialized polymers and coatings. Additionally, it finds application in research settings for studying reaction mechanisms and developing new synthetic methodologies.