This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in pharmaceutical research. It serves as a key intermediate in the development of bioactive molecules, especially those targeting neurological disorders and cancer. Its unique structure, featuring iodine and trifluoromethyl groups, makes it valuable for creating compounds with enhanced binding affinity and metabolic stability. Additionally, it is employed in the study of enzyme inhibition and receptor modulation, aiding in the discovery of novel therapeutic agents. Its applications also extend to material science, where it is used in the design of advanced organic materials with specific electronic properties.