This compound is primarily utilized in organic synthesis as a versatile intermediate for constructing complex molecules. It is particularly valuable in the preparation of pharmaceuticals and agrochemicals due to its reactive iodine and methoxy groups, which allow for further functionalization. The tert-butyl ester group provides stability and can be selectively removed or modified under specific conditions, making it useful in multi-step synthetic routes. Additionally, it serves as a building block in the development of ligands for catalysis and in the synthesis of biologically active compounds, such as inhibitors or receptor modulators. Its structural features make it a key component in medicinal chemistry research and drug discovery processes.