Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a key role in the development of bioactive molecules. The presence of both fluoro and iodo substituents allows for selective cross-coupling reactions, making it valuable in medicinal chemistry for building complex heterocyclic systems. It is particularly useful in the preparation of kinase inhibitors and other targeted therapies in drug discovery. Additionally, it serves as a building block in the creation of novel pesticides due to its ability to enhance metabolic stability and binding affinity in active ingredients.