This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex molecules. Its structure, featuring both fluorine and iodine substituents, makes it particularly valuable in the construction of pharmaceuticals and agrochemicals. The fluorine atom often enhances the biological activity and metabolic stability of the final compounds, while the iodine provides a reactive site for further functionalization through cross-coupling reactions, such as Suzuki or Sonogashira couplings. Additionally, the hydroxyl group allows for further derivatization, enabling the synthesis of esters, ethers, or other derivatives. This compound is especially relevant in the production of potential drug candidates, where its unique properties contribute to the optimization of pharmacological profiles.