This chemical is primarily used in the pharmaceutical and agrochemical industries as a versatile building block for the synthesis of complex molecules. Its unique structure, featuring both an iodine atom and a trifluoromethyl group, makes it valuable in cross-coupling reactions, such as Suzuki or Sonogashira couplings, to create biologically active compounds. It is often employed in the development of active pharmaceutical ingredients (APIs) and intermediates for drugs targeting various therapeutic areas. Additionally, its trifluoromethyl group enhances the metabolic stability and bioavailability of the resulting compounds, making it a key component in drug discovery and development. In agrochemicals, it is utilized to create novel pesticides and herbicides with improved efficacy and selectivity.