Used in organic synthesis as a building block for more complex molecules, particularly in the pharmaceutical industry. It serves as an intermediate in the production of active pharmaceutical ingredients (APIs) and other fine chemicals. The presence of both fluorine and iodine atoms makes it valuable for creating compounds with specific biological activities. It is also utilized in research and development for designing new drugs, especially those targeting neurological disorders and cancer. Additionally, it can be employed in material science for developing advanced organic materials with unique properties.