Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its structure allows for selective functionalization in cross-coupling reactions, making it valuable in the construction of complex aromatic systems. Commonly employed in palladium-catalyzed reactions such as Suzuki or Heck couplings to form biaryl compounds. The iodine moiety serves as a good leaving group, facilitating carbon-carbon bond formation, while the benzyloxy and methoxy groups act as directing or protecting groups during synthesis. Suitable for developing compounds in medicinal chemistry and materials science.