Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated active pharmaceutical ingredients (APIs) where the fluorine atoms enhance metabolic stability and bioavailability. Its iodo functionality allows for further coupling reactions, such as Suzuki or Buchwald-Hartwig, enabling the construction of complex aromatic systems in drug candidates. Commonly employed in research and development for oncology and central nervous system (CNS) drugs due to its ability to fine-tune lipophilicity and binding affinity. Also utilized in agrochemical synthesis for creating novel herbicides and pesticides with improved environmental profiles.