This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex molecules. Its unique structure, featuring both iodine and trifluoromethyl groups, makes it valuable for constructing compounds with specific biological activities. In drug development, it is often employed to create potential therapeutic agents targeting various diseases, including infections and neurological disorders. Additionally, its use in agrochemical research focuses on developing new pesticides or herbicides with enhanced efficacy and selectivity. The compound’s reactivity also makes it suitable for cross-coupling reactions in organic synthesis, enabling the creation of diverse chemical structures for further study and application.