Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds where the presence of fluorine enhances metabolic stability and bioavailability. The iodo group allows for further functionalization via cross-coupling reactions such as Suzuki or Heck reactions, making it valuable in building complex aromatic structures. Its methyl and fluoro substituents influence electronic and steric properties, useful in fine-tuning reactivity in medicinal chemistry and materials science applications.