Used primarily as an intermediate in the synthesis of fluorinated compounds, especially in the production of refrigerants and fluoropolymers. It serves as a building block in organic reactions where fluorine substitution is required, offering stability and reactivity due to the iodide group and fluorinated carbon framework. Its role in creating low-global-warming potential refrigerants makes it valuable in environmentally focused cooling technologies. Additionally, it finds use in specialty applications such as surface treatment agents and in the development of electronic materials where fluorinated moieties enhance performance.