This chemical is primarily utilized in organic synthesis as a versatile building block for the creation of more complex molecules. Its unique combination of halogen substituents (chloro, fluoro, and iodo groups) makes it particularly valuable in cross-coupling reactions, such as Suzuki or Sonogashira couplings, where it serves as a reactive intermediate. Additionally, it is employed in the development of pharmaceuticals and agrochemicals, where the introduction of halogen atoms can enhance the biological activity or stability of the final product. Its structure also allows for selective functionalization, enabling chemists to tailor its reactivity for specific synthetic pathways.