Used primarily as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It plays a role in the development of compounds with potential therapeutic properties, such as anti-inflammatory and anti-cancer agents. Additionally, it is utilized in the synthesis of advanced materials and in research for creating complex molecules with specific functionalities. Its fluorine and iodine substituents make it valuable for introducing these halogens into target molecules, aiding in the study of structure-activity relationships.