This chemical is primarily utilized in organic synthesis as a versatile building block for the development of more complex molecules. Its unique combination of halogen substituents makes it particularly valuable in cross-coupling reactions, such as Suzuki or Sonogashira couplings, where it serves as an intermediate for the production of pharmaceuticals, agrochemicals, and advanced materials. The presence of iodine allows for selective functionalization, enabling the creation of tailored compounds with specific properties. Additionally, it is employed in the synthesis of liquid crystals and electronic materials due to its ability to influence molecular structure and stability. Its reactivity and halogen diversity also make it useful in research and development for exploring novel chemical pathways.