Used in organic synthesis as a versatile building block for pharmaceuticals and agrochemicals. It serves as an intermediate in the production of complex molecules, particularly in coupling reactions like Suzuki or Sonogashira reactions. Its fluorine and iodine substituents make it valuable for introducing specific functional groups or modifying molecular structures. Applied in the development of potential drug candidates, especially in the field of medicinal chemistry, where its unique structure aids in creating bioactive compounds. Also utilized in material science for designing advanced organic materials with tailored properties.