Used primarily in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a building block in the creation of complex molecules, particularly in the development of active pharmaceutical ingredients (APIs) where halogenated phenols are essential. Additionally, it is employed in research laboratories for studying chemical reactions involving halogenated aromatic compounds, aiding in the exploration of new synthetic pathways. Its unique structure, with both chlorine and iodine substituents, makes it valuable for selective functionalization and cross-coupling reactions in medicinal chemistry.