Used in organic synthesis as a building block for creating more complex molecules, particularly in pharmaceutical research. It serves as an intermediate in the development of active pharmaceutical ingredients (APIs) and agrochemicals. Its trifluoromethyl group enhances the biological activity and metabolic stability of the compounds it helps form. Also employed in the preparation of ligands for catalysis and in materials science for designing advanced functional materials. Its iodine moiety makes it a useful precursor for cross-coupling reactions in medicinal chemistry.