Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure, featuring iodine atoms and a methoxy group, makes it valuable for constructing complex molecules through cross-coupling reactions, such as Suzuki or Sonogashira couplings. It is also employed in the development of liquid crystal materials due to its ability to influence molecular alignment and stability. Additionally, its unique properties make it suitable for research in medicinal chemistry, particularly in designing compounds with potential biological activity.