Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of agrochemicals and bioactive molecules. Its structure allows for selective functionalization in cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex aromatic systems. The presence of both iodo and trifluoromethoxy groups enables dual reactivity, supporting its use in catalytic transformations such as Suzuki or Heck couplings. Commonly employed in research settings to design compounds with enhanced metabolic stability and binding affinity.