Used primarily as an intermediate in organic synthesis, particularly in the pharmaceutical and agrochemical industries. It plays a key role in the development of active pharmaceutical ingredients (APIs) and other complex organic compounds. Its unique structure, featuring both fluorine and iodine substituents, makes it valuable for introducing specific functional groups into target molecules. Additionally, it is utilized in cross-coupling reactions, such as Suzuki and Sonogashira couplings, to create more complex aromatic structures. Its applications extend to material science, where it contributes to the synthesis of advanced materials with tailored properties.