This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical and agrochemical industries. Its structure, featuring both chloro and iodo substituents, makes it a versatile intermediate for cross-coupling reactions, such as Suzuki or Sonogashira couplings, enabling the construction of diverse pyridine derivatives. The trifluoromethyl group enhances the compound's reactivity and stability, making it valuable in the development of bioactive compounds, including potential drugs and pesticides. Additionally, it is employed in material science for creating specialized polymers and coatings with unique properties. Its applications are driven by its ability to introduce fluorine atoms into target molecules, which can improve their metabolic stability and bioavailability.