Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules where halogenated aromatics are required. Its structure allows for further functionalization through cross-coupling reactions, making it valuable in medicinal chemistry for building complex organic compounds. Commonly employed in the preparation of potential antifungal, antibacterial, or anti-inflammatory agents due to the presence of iodine and fluorine, which can enhance biological activity and metabolic stability.