Used as a precursor in organic synthesis, particularly in the preparation of functionalized aromatic compounds through cross-coupling reactions. It serves as a building block in the development of advanced materials, including organic semiconductors and liquid crystals, due to its rigid aromatic core and reactive iodine sites. The compound is also employed in the synthesis of metal-organic frameworks (MOFs) and covalent organic frameworks (COFs), where its tetrasubstituted structure helps create well-defined porous networks. Additionally, it finds use in photochemical studies and as a reagent in halogen exchange reactions for generating novel derivatives with tailored electronic properties.