FITM is widely used in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its role is crucial in the development of drugs targeting specific diseases, particularly in the field of oncology and infectious diseases. Additionally, FITM is employed in organic synthesis to create complex molecules with high precision, making it valuable in research and development for new therapeutic compounds. Its application also extends to material science, where it is utilized in the production of advanced polymers and coatings with specialized properties.