This compound is primarily utilized in the field of organic synthesis as a versatile building block. Its structure, featuring both fluorine and iodine substituents, makes it a valuable intermediate in the development of pharmaceuticals and agrochemicals. The presence of the iodine atom allows for further functionalization through cross-coupling reactions, such as Suzuki or Sonogashira couplings, enabling the creation of complex molecules. Additionally, the fluorine atom can enhance the biological activity and metabolic stability of the resulting compounds. It is also employed in the synthesis of advanced materials and in research applications where specific aromatic modifications are required.