Used primarily in organic synthesis as a versatile intermediate for the development of pharmaceuticals and agrochemicals. Its trifluoromethyl and nitrile groups make it valuable for creating compounds with enhanced biological activity and stability. Commonly employed in cross-coupling reactions to introduce iodine-containing aromatic structures into target molecules. Also utilized in the synthesis of advanced materials and liquid crystals due to its unique electronic properties. Its reactivity with various organometallic reagents makes it a key component in constructing complex molecular architectures.