This chemical is primarily used in organic synthesis as a building block for more complex molecules. Its unique structure, featuring both difluoromethoxy and iodo groups, makes it valuable in the development of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs). It is also employed in the field of agrochemicals for the synthesis of compounds that can act as pesticides or herbicides. Additionally, its reactivity allows it to be utilized in cross-coupling reactions, which are essential in the production of advanced materials and specialty chemicals.