This chemical is primarily utilized in organic synthesis as a versatile building block for the creation of more complex molecules. Its structure, featuring both fluorine and iodine substituents, makes it particularly useful in cross-coupling reactions, such as Suzuki or Sonogashira couplings, to form carbon-carbon bonds. Additionally, it serves as an intermediate in the development of pharmaceuticals, agrochemicals, and advanced materials. The presence of the iodine atom allows for further functionalization, enabling the introduction of various groups to tailor the properties of the final compound. Its application is also seen in the field of radiopharmaceuticals, where it can be used to develop imaging agents for diagnostic purposes.