Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds where the fluorine and iodine substituents allow for selective cross-coupling reactions. The presence of both electron-withdrawing (fluoro, iodo) and electron-donating (methoxy) groups enables fine-tuning of reactivity in aromatic substitution processes. Commonly employed in radiolabeling and tracer studies due to the iodine atoms, which can be replaced with radioactive iodine isotopes for diagnostic or research applications. Also serves as a building block in liquid crystal materials and in the preparation of bioactive molecules requiring halogenated aromatic cores.