Used primarily as an intermediate in organic synthesis, this compound is valuable in the production of specialized chemicals, including pharmaceuticals and agrochemicals. Its structure allows it to act as a versatile building block in the creation of complex molecules. It is also employed in the development of polymers and surfactants, where its ether and iodo functional groups contribute to specific properties like solubility and reactivity. Additionally, it finds use in research and development for designing new materials with tailored characteristics.