This chemical is primarily used in organic synthesis as a building block for more complex molecules. Its unique structure, featuring both chlorine and iodine atoms, makes it a valuable intermediate in the production of pharmaceuticals and agrochemicals. It is often employed in cross-coupling reactions, such as Suzuki or Sonogashira couplings, to create compounds with specific properties. Additionally, it serves as a precursor in the development of materials with potential applications in electronics and optoelectronics. Its halogenated structure also makes it useful in research focused on studying halogen bonding interactions in molecular systems.