Used extensively in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure allows for the introduction of fluorine and iodine atoms into complex molecules, enhancing their biological activity and stability. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of more effective and selective pesticides. In material science, it is utilized in the preparation of advanced organic materials, particularly in the design of functionalized polymers and liquid crystals. Its role in cross-coupling reactions also makes it valuable in organic synthesis, enabling the construction of diverse and intricate molecular architectures.