Used primarily in the synthesis of phthalocyanine dyes, which are important in the production of pigments and colorants for various industrial applications. It serves as a key intermediate in the development of advanced materials, including organic semiconductors and photovoltaic cells, due to its ability to enhance electronic properties. Additionally, it is employed in the creation of fluorescent markers and sensors for biochemical research, aiding in the detection and analysis of specific molecules. Its fluorinated structure also makes it valuable in the design of pharmaceuticals, where it can improve the stability and bioavailability of drug compounds.