Used as an intermediate in organic synthesis, particularly in the preparation of biologically active compounds and pharmaceuticals. Its structure allows for further functionalization through cross-coupling reactions, making it valuable in the development of agrochemicals and medicinal agents. The presence of both iodine and alkyne functionalities enables click chemistry applications, useful in drug discovery and bioconjugation. Also employed in research settings for synthesizing novel aromatic compounds with potential antimicrobial or antitumor properties.