This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile building block for the creation of more complex molecules. Its unique structure, featuring both fluorine and iodine substituents, makes it particularly valuable in the development of pharmaceuticals and agrochemicals. The fluorine atom can enhance the biological activity and metabolic stability of the resulting compounds, while the iodine atom provides a reactive site for further functionalization through cross-coupling reactions, such as Suzuki or Sonogashira couplings. Additionally, it is employed in the synthesis of liquid crystals and advanced materials, where its electronic properties can be tailored to specific applications.