This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the construction of more complex molecules. Its unique structure, featuring both chloro and iodo substituents, makes it valuable in cross-coupling reactions, such as Suzuki and Sonogashira couplings, which are essential in the development of pharmaceuticals and agrochemicals. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often explored for their potential biological activities, including antimicrobial and anticancer properties. Its nitrile group further enhances its reactivity, enabling its use in the preparation of various amides, acids, and other derivatives.