Used as a reactive intermediate in organic synthesis, particularly in the preparation of energetic plasticizers and binders for propellant formulations. Its strained oxetane ring enables ring-opening polymerization, allowing incorporation into polyether-based polymers with enhanced energy content due to the presence of chlorine and iodine. Commonly employed in the development of high-performance binders for solid rocket propellants where improved combustion efficiency and stability are required. Also serves as a building block for synthesizing halogen-rich compounds used in specialized energetic materials.