This chemical is primarily used in organic synthesis as a reagent for introducing alkynyl groups into various organic molecules. It is particularly effective in the formation of carbon-carbon bonds through alkynylation reactions, which are crucial in the development of pharmaceuticals, agrochemicals, and advanced materials. Its ability to act as a stable and efficient iodonium salt makes it valuable in cross-coupling reactions, enabling the synthesis of complex organic compounds with high precision. Additionally, it is employed in the preparation of functionalized alkynes, which are key intermediates in the production of polymers, dyes, and bioactive molecules. Its versatility and reactivity make it a useful tool in modern synthetic chemistry.