This chemical is primarily utilized in the field of organic synthesis as a versatile building block for the creation of more complex molecules. Its structure, featuring both chloro and iodo substituents, makes it a valuable intermediate in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. The carboxylic acid group allows for further functionalization, enabling the formation of amides, esters, and other derivatives. Additionally, it is employed in the research and development of agrochemicals, where it serves as a precursor for designing active ingredients in pesticides or herbicides. Its unique substitution pattern also makes it useful in materials science, particularly in the synthesis of specialized polymers or ligands for catalytic systems.