Used as an intermediate in organic synthesis, particularly in pharmaceutical and agrochemical manufacturing. It serves as a building block in the formation of more complex aromatic compounds through cross-coupling reactions such as Suzuki or Heck reactions. Its iodo and methoxy groups allow selective functionalization, making it valuable in the development of bioactive molecules and specialty chemicals. Commonly employed in research settings for constructing carbon-carbon bonds in heterocyclic and substituted benzene derivatives.