Used as a key intermediate in organic synthesis, particularly in cross-coupling reactions such as Suzuki and Stille couplings, where the iodine moiety serves as a reactive site for palladium-catalyzed bond formation. Its sterically hindered tert-butyl groups provide electronic and steric stabilization to reactive intermediates, making it valuable in the development of ligands, functional materials, and pharmaceuticals. Commonly employed in the synthesis of complex aromatic systems and advanced building blocks for materials science applications, including organic semiconductors and liquid crystals.