Used primarily in organic synthesis, it serves as a key intermediate in the production of complex organic compounds. Its iodine atom makes it valuable in cross-coupling reactions, enabling the creation of advanced materials and pharmaceuticals. It is also employed in the development of metal-organic frameworks (MOFs) due to its ability to form stable coordination bonds with metal ions. Additionally, it finds application in the synthesis of liquid crystals and polymers, contributing to the advancement of display technologies and high-performance materials.