This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of pharmaceutical agents targeting specific enzymes or receptors due to its unique structural features. The iodine atom in the molecule allows for further functionalization through cross-coupling reactions, enabling the creation of diverse chemical libraries for drug discovery. Additionally, the trifluoromethyl group enhances the compound's metabolic stability and lipophilicity, making it suitable for optimizing drug candidates with improved pharmacokinetic properties. Its application extends to the design of potential therapeutics for neurological disorders, cancer, and infectious diseases.