This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure, featuring both fluorine and iodine atoms, makes it a valuable intermediate in the creation of biologically active molecules. It is often employed in the design of compounds targeting specific enzymes or receptors, especially in the fields of oncology and neurology. Additionally, its halogenated indole core is useful in the development of fluorescent probes and imaging agents for studying biological processes at the molecular level. Researchers also utilize it in medicinal chemistry to explore structure-activity relationships, aiming to optimize drug efficacy and selectivity.