This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of more complex molecules. It plays a crucial role in the development of certain active pharmaceutical ingredients (APIs), particularly those targeting neurological and psychiatric disorders. Its structure, featuring both fluorine and iodine substituents, makes it valuable for creating compounds with specific binding properties to biological targets. Additionally, it is used in research settings for studying enzyme interactions and receptor activities, aiding in the discovery of new therapeutic agents. Its chiral nature also allows for the production of enantiomerically pure drugs, which can enhance efficacy and reduce side effects.