This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure, featuring both fluorine and iodine atoms, makes it a valuable intermediate in the creation of molecules with potential therapeutic properties. It is often employed in the design of compounds targeting neurological disorders, cancer, and infectious diseases due to its ability to modulate biological activity. Additionally, its unique chemical properties make it suitable for use in organic synthesis, where it serves as a building block for more complex chemical entities. Researchers also explore its potential in radiopharmaceuticals, leveraging the iodine atom for imaging and diagnostic applications.