This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific receptors or enzymes in medicinal chemistry. Its structure, featuring both fluorine and iodine substituents, makes it valuable for creating compounds with enhanced binding affinity and metabolic stability. Additionally, it is employed in the preparation of radiopharmaceuticals, where the iodine atom can be replaced with radioactive isotopes for diagnostic imaging or therapeutic purposes. Its applications also extend to organic synthesis, where it is used to construct complex molecules for drug discovery and material science.