This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active compounds. Its structure, featuring both chloro and iodo substituents, makes it a versatile building block for creating molecules with potential biological activity. In drug development, it is often employed to design and produce compounds targeting specific enzymes or receptors, particularly in the development of kinase inhibitors, which are crucial in treating cancers and other diseases. Additionally, its application extends to the synthesis of herbicides and pesticides, where it contributes to the creation of effective crop protection agents. The presence of halogen atoms in its structure also facilitates further chemical modifications, enabling the development of diverse derivatives with tailored properties for specific applications.