Used primarily in specialized research settings, this compound serves as a fluorinated building block in the synthesis of advanced materials. Its high fluorine content and stable ring structure make it valuable in developing new fluoropolymers with enhanced thermal and chemical resistance. It is also explored in medicinal chemistry for creating metabolically stable bioactive molecules, particularly in PET imaging where fluorine-18 labeling is advantageous. Additionally, its unique electronic properties are utilized in the design of organic semiconductors and electronic materials. Due to its inert nature, it finds niche applications in surface modification to produce water- and oil-repellent coatings.