This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). Its structure, featuring both iodo and trifluoromethyl groups, makes it a valuable intermediate in the creation of complex molecules, especially those targeting central nervous system disorders and inflammatory conditions. It is also employed in the development of agrochemicals, where its unique chemical properties contribute to the design of novel pesticides and herbicides. Additionally, it serves as a building block in organic synthesis for constructing heterocyclic compounds, which are essential in medicinal chemistry and material science. Its applications extend to the field of radiopharmaceuticals, where it can be used in the preparation of radiolabeled compounds for diagnostic imaging.