This compound is primarily utilized in the field of liquid crystal research and development. It serves as a key intermediate in the synthesis of liquid crystal materials, which are essential components in display technologies such as LCD screens. Its molecular structure, featuring a biphenyl core with an iodine substituent, allows for precise tuning of liquid crystal properties, including phase transition temperatures and optical characteristics. Additionally, it is employed in the study of organic semiconductors and photonic materials, where its electronic properties are leveraged for advanced applications in optoelectronics and photovoltaics.