Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated and halogenated organic compounds. Its multi-halogenated aromatic structure makes it valuable in cross-coupling reactions, such as Suzuki or Heck reactions, for building complex molecules. Commonly employed in research settings to introduce fluorine and iodine functionalities into target compounds, enhancing biological activity or altering metabolic stability in drug design. Also utilized in the preparation of specialty materials and ligands for catalysis.