Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules where the nitro and iodo groups allow for further functionalization through reduction or coupling reactions. Its electron-withdrawing trifluoromethyl group enhances reactivity in nucleophilic aromatic substitution, making it valuable in the preparation of dyes, liquid crystals, and specialty organic compounds. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to build complex aromatic structures. Also finds use in research settings for radiolabeling studies due to the presence of iodine, which can be substituted with radioactive isotopes for imaging or tracer applications.