This chemical is primarily utilized in organic synthesis as a building block for the creation of more complex molecules. Its structure, featuring an iodine atom and a nitrile group, makes it a valuable intermediate in cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are widely used in pharmaceutical and material science research. Additionally, the presence of the nitrile group allows for further functionalization, enabling its use in the development of agrochemicals, dyes, and advanced polymers. Its unique properties also make it suitable for applications in medicinal chemistry, where it can be incorporated into drug candidates for various therapeutic targets.