Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated and iodinated aromatic compounds for drug discovery. Its structure allows for selective functionalization in organic reactions, making it valuable in creating bioactive molecules. Commonly employed in cross-coupling reactions due to the presence of the iodine moiety, enabling the formation of carbon-carbon bonds. The fluorine atoms enhance metabolic stability and membrane permeability in target compounds, which is beneficial in medicinal chemistry. Also utilized in radiolabeling studies and imaging agents where iodine serves as a handle for isotopic labeling.