Used as a versatile oxidizing agent in organic synthesis, particularly for the oxidation of alcohols to aldehydes or ketones. It is also employed in the iodination of aromatic compounds, facilitating the introduction of iodine atoms into organic molecules. The polymer-supported nature of this reagent allows for easy separation and recycling, making it advantageous in green chemistry applications. Additionally, it is utilized in the preparation of hypervalent iodine compounds, which are valuable intermediates in various chemical transformations. Its stability and efficiency make it a preferred choice in laboratory and industrial settings for selective oxidation reactions.