(5-Fluoro-2-iodophenyl)methanol is primarily used in organic synthesis as a versatile intermediate. Its structure, featuring both a fluorine and an iodine substituent, makes it valuable in the development of pharmaceuticals and agrochemicals. The compound is often employed in cross-coupling reactions, such as Suzuki or Sonogashira couplings, to create complex molecules. Additionally, it serves as a building block in the synthesis of biologically active compounds, particularly in the preparation of fluorinated and iodinated aromatic derivatives. These derivatives are crucial in drug discovery for their potential therapeutic properties. The presence of the methanol group also allows for further functionalization, enhancing its utility in various chemical transformations.