Used primarily as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound enables the introduction of highly fluorinated aromatic rings into larger molecules, enhancing metabolic stability and bioavailability. Its iodo functionality allows for further functionalization via cross-coupling reactions such as Suzuki or Heck couplings, making it valuable in medicinal chemistry for building complex fluorinated structures. It is also employed in the development of specialty materials where fluorine substitution imparts desired electronic or thermal properties.