Used as a key intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals. Its structure allows for selective cross-coupling reactions, particularly in palladium-catalyzed transformations, due to the presence of the iodine atom. The ester group enables further functionalization, such as hydrolysis or amidation, making it valuable in building complex organic molecules. Commonly employed in research settings for developing bioactive compounds with enhanced metabolic stability and binding affinity.