Used in organic synthesis as an intermediate for pharmaceuticals and functional materials. The iodine moiety allows for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the construction of complex aromatic systems. Commonly employed in the development of bioactive compounds, including potential drug candidates targeting central nervous system disorders and inflammation. Also utilized in the preparation of liquid crystals and conjugated polymers for electronic applications due to its stable dioxane ring and ease of functionalization.