This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex compounds. Its unique structure, featuring both iodine and trifluoromethyl groups, makes it particularly valuable in the creation of pharmaceuticals and agrochemicals. The iodine atom can participate in various coupling reactions, such as Suzuki or Sonogashira couplings, enabling the formation of carbon-carbon bonds essential for drug development. Additionally, the trifluoromethyl group enhances the metabolic stability and lipophilicity of the resulting compounds, which is crucial for improving the efficacy and bioavailability of pharmaceutical agents. Researchers also explore its potential in the synthesis of advanced materials, particularly those requiring halogenated aromatic systems for specific electronic or optical properties.