Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of fungicides and herbicides. Its structure supports the creation of biologically active molecules due to the presence of both iodine and trifluoroethyl groups, which enhance reactivity and binding properties. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to build complex heterocyclic systems. Also utilized in research settings for the design of novel imidazole-based compounds with potential antimicrobial or antifungal activity.