This chemical is primarily utilized in organic synthesis as a versatile intermediate. Its structure, featuring both chloro and iodo substituents, makes it a valuable building block for constructing more complex molecules, particularly in pharmaceuticals and agrochemicals. The presence of the nitrile group further enhances its reactivity, enabling transformations such as hydrolysis, reduction, or cyclization reactions. It is often employed in the development of active pharmaceutical ingredients (APIs) and in the synthesis of herbicides or fungicides. Additionally, its halogenated aromatic structure makes it suitable for cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in creating biologically active compounds.