Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its iodine atoms allow for further functionalization through cross-coupling reactions such as Suzuki or Heck reactions, enabling the construction of complex aromatic systems. The presence of a nitro group enhances its reactivity as an electron-withdrawing group, making it useful in electrophilic substitution reactions or as a precursor in reduction reactions to yield amino derivatives. Also employed in the development of radiopaque compounds and in some cases as a building block in materials chemistry for designing functionalized aromatic frameworks.