Used 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 biological activity, such as enzyme inhibitors or receptor modulators. The presence of fluorine and iodine atoms in the structure enhances its utility in creating complex molecules for drug discovery and material science. Additionally, it is employed in the synthesis of advanced materials, including liquid crystals and polymers, due to its unique electronic properties.