Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting central nervous system disorders. Its structure enables selective binding to certain receptors, making it valuable in developing anxiolytic and sedative agents. Also employed in medicinal chemistry research to construct complex heterocyclic systems for drug discovery. The presence of both fluoro and iodo substituents allows for further functionalization via cross-coupling reactions, enhancing its utility in creating diverse compound libraries for screening.