Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the preparation of iodinated aromatic compounds. Its reactivity allows for coupling reactions in the development of active ingredients in medicinal chemistry. Also employed in the production of liquid crystals and organic semiconductors due to its ability to serve as a building block in complex molecular architectures. The presence of both ether and iodine functionalities enables use in cross-coupling reactions, such as Suzuki or Heck reactions, making it valuable in research and development of new organic materials.