This compound is primarily utilized in pharmaceutical research and development as a building block for the synthesis of more complex molecules. Its structure, featuring both an iodine atom and a trifluoromethyl group, makes it a valuable intermediate in the creation of potential drug candidates, particularly in the field of medicinal chemistry. The iodine atom allows for further functionalization through cross-coupling reactions, while the trifluoromethyl group can enhance the biological activity and metabolic stability of the resulting compounds. It is often employed in the development of small-molecule inhibitors targeting specific enzymes or receptors, contributing to the discovery of new therapeutic agents for various diseases. Additionally, its unique properties make it useful in agrochemical research for designing novel pesticides or herbicides.