Used primarily as an intermediate in organic synthesis, it plays a crucial role in the production of pharmaceuticals, agrochemicals, and dyes. Its iodine atoms make it valuable for creating complex molecules through coupling reactions. Additionally, it is utilized in the development of liquid crystals and advanced materials due to its stable aromatic structure. In research, it serves as a building block for synthesizing compounds with potential biological activity. Its applications also extend to the field of radiopharmaceuticals, where it can be used in the preparation of iodine-labeled compounds for medical imaging and therapy.