This chemical is primarily utilized in the field of organic synthesis, particularly as a building block for the development of more complex molecules. It serves as a key intermediate in the preparation of various pharmaceuticals, agrochemicals, and specialty chemicals. Its unique structure, featuring both chlorine and iodine substituents, allows for selective functionalization, making it valuable in cross-coupling reactions and other transformations. Additionally, it is employed in research settings for the synthesis of pyrimidine derivatives, which are often investigated for their potential biological activities, such as antiviral, anticancer, or antimicrobial properties.