This chemical is primarily used in organic synthesis as a building block for more complex molecules. It serves as a versatile intermediate in the production of pharmaceuticals, agrochemicals, and specialty chemicals. The presence of both fluorine and iodine atoms makes it particularly useful in reactions involving fluorination and iodination, which are critical in creating compounds with specific biological activities or physical properties. Additionally, it is employed in the development of materials with unique electronic or optical characteristics, such as liquid crystals or polymers. Its reactivity also makes it valuable in research and development for exploring new chemical pathways and reactions.