Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated and iodinated aromatic compounds. Its structure allows for further functionalization through cross-coupling reactions, making it valuable in medicinal chemistry for building complex molecules. Commonly employed in research settings to introduce fluorine and iodine moieties into target compounds, enhancing their biological activity or metabolic stability. Also utilized in radiolabeling studies due to the presence of iodine, enabling imaging and tracer applications.