Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly kinase inhibitors. Its structure supports the development of targeted therapies in oncology. The presence of both fluorine and iodine allows for further functionalization through cross-coupling reactions, making it valuable in medicinal chemistry for building complex molecules. Also employed in the development of radiolabeled derivatives for imaging studies due to the iodine atom's compatibility with radioisotope labeling.