This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring both fluorine and iodine substituents, makes it a valuable building block for developing pharmaceuticals, particularly those targeting neurological and psychiatric disorders. Researchers often employ it in the design of receptor ligands, such as serotonin receptor modulators, which are crucial in treating conditions like depression, anxiety, and schizophrenia. Additionally, its halogenated indole core is explored in the development of radiopharmaceuticals, where the iodine atom can be replaced with radioactive isotopes for diagnostic imaging or targeted cancer therapies. Its versatility also extends to agrochemical research, where it serves as a precursor in creating compounds with potential pesticidal or herbicidal properties.