This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly in the synthesis of molecules with potential therapeutic applications. Its structure, featuring both chloro and iodo substituents, makes it a versatile building block for constructing complex organic molecules. Researchers often employ it in cross-coupling reactions, such as Suzuki or Sonogashira reactions, to create novel compounds for drug discovery. Additionally, its methanone core can be modified to explore new chemical entities with potential anti-inflammatory, antimicrobial, or anticancer properties. Its role in medicinal chemistry highlights its importance in advancing the development of new pharmaceuticals.