This chemical is primarily used as an intermediate in organic synthesis, particularly in the pharmaceutical and agrochemical industries. It serves as a building block for the preparation of more complex molecules, especially those containing fluorine and iodine atoms, which are often incorporated into active pharmaceutical ingredients (APIs) due to their unique electronic and steric properties. The compound is also utilized in the development of radiopharmaceuticals, where iodine isotopes can be employed for diagnostic imaging or targeted cancer therapy. Additionally, it finds application in materials science for the synthesis of specialized polymers or organic electronic materials, where halogenated aromatic compounds are valued for their stability and reactivity.