Used in organic synthesis as a versatile intermediate for the preparation of various pharmaceuticals and agrochemicals. It serves as a key building block in the development of compounds with potential biological activity, particularly in the design of kinase inhibitors and other therapeutic agents. The presence of both fluorine and iodine atoms allows for further functionalization through cross-coupling reactions, making it valuable in medicinal chemistry and drug discovery. Additionally, it is employed in the synthesis of liquid crystals and advanced materials due to its unique electronic properties.