Used primarily as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key building block for the development of iodine-containing compounds, which are often utilized in X-ray contrast media for medical imaging. Additionally, it finds application in the synthesis of liquid crystal materials, contributing to the production of display technologies. Its iodine-rich structure also makes it valuable in research for developing antimicrobial agents and other biologically active molecules.