This chemical is primarily used in organic synthesis as a versatile building block for the development of more complex molecules. Its unique structure, featuring both fluorine and iodine substituents, makes it valuable in cross-coupling reactions, particularly in the synthesis of pharmaceuticals and agrochemicals. The trifluoromethyl group enhances the lipophilicity and metabolic stability of the resulting compounds, which is crucial in drug design. Additionally, it serves as an intermediate in the production of materials with specific electronic properties, such as liquid crystals or organic semiconductors, due to its electron-withdrawing characteristics. Its reactivity also allows for selective functionalization, enabling the creation of tailored compounds for research and industrial applications.