Used as a key intermediate in the synthesis of metal-organic frameworks (MOFs), particularly in the development of iodine-functionalized porous materials for gas storage and separation. Its iodine moiety allows for post-synthetic modifications, enabling targeted functionalization in sensor design and catalysis. Also employed in radiopharmaceutical research due to the presence of iodine, facilitating labeling and imaging applications. Solubility in common organic solvents makes it suitable for solution-based processing in advanced material fabrication.