Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It plays a role in the preparation of pyridine derivatives, which are important in drug discovery and medicinal chemistry. Additionally, it is utilized in organic synthesis for constructing complex molecules, often serving as a building block in the creation of biologically active compounds. Its iodine moiety makes it valuable in cross-coupling reactions, enabling the formation of carbon-carbon or carbon-heteroatom bonds. This chemical is also explored in the development of materials for optoelectronics due to its structural properties.