This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of heterocyclic compounds. Its structure, featuring both chloro and iodo substituents, makes it a versatile building block for constructing complex molecules, especially in medicinal chemistry for drug discovery. Additionally, it is employed in the preparation of agrochemicals and other specialty chemicals, where its unique reactivity is leveraged to create targeted compounds with specific properties.