This chemical is widely used as a hypervalent iodine reagent in organic synthesis, particularly for oxidative transformations. It is commonly employed in the oxidation of alcohols to aldehydes or ketones, offering a mild and efficient alternative to traditional oxidizing agents. It is also utilized in the functionalization of C-H bonds, enabling the introduction of oxygen-containing groups into organic molecules. Additionally, it serves as a key reagent in the synthesis of heterocycles and in the oxidative coupling reactions, facilitating the formation of carbon-carbon and carbon-heteroatom bonds. Its stability and selectivity make it a valuable tool in the development of pharmaceuticals and fine chemicals.