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 creation of pharmaceuticals and agrochemicals. The fluorine atoms enhance the biological activity and metabolic stability of the final compounds, while the iodine atom provides a reactive site for further functionalization through cross-coupling reactions, such as Suzuki or Sonogashira couplings. Additionally, the presence of the carboxylic acid group allows for easy modification into esters, amides, or other derivatives, expanding its utility in drug discovery and material science. Its application is also seen in the synthesis of advanced materials, where its unique properties contribute to the development of specialized polymers or coatings.