Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) modulators. Its structure supports the creation of compounds with activity against neurological disorders, including anxiety and epilepsy. The presence of reactive sites—fluoro and iodo groups—enables selective functionalization through cross-coupling reactions, making it valuable in medicinal chemistry for building complex heterocyclic systems. It is also employed in research settings to design potent and selective ligands for neurotransmitter receptors.