Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for more complex molecules due to its reactive chloro and iodo groups, which allow for further functionalization. Commonly employed in cross-coupling reactions, such as Suzuki and Sonogashira couplings, to create carbon-carbon bonds. Also utilized in the development of liquid crystals and materials science for specialized applications. Its halogenated structure makes it valuable in research and industrial processes requiring precise chemical modifications.