This compound is primarily utilized in the pharmaceutical and agrochemical industries as a versatile building block for the synthesis of more complex molecules. Its structure, featuring both iodine and fluorine substituents, makes it highly reactive in cross-coupling reactions, such as Suzuki or Sonogashira couplings, enabling the creation of diverse heterocyclic compounds. These derivatives are often explored for their potential biological activities, including antimicrobial, antiviral, or anticancer properties. Additionally, it serves as a key intermediate in the development of advanced materials, particularly in the design of organic electronic components due to its electron-withdrawing characteristics. Its unique reactivity also makes it valuable in organic synthesis for constructing fluorinated pyridine derivatives, which are increasingly important in drug discovery and material science.