This chemical is primarily used in organic synthesis as an intermediate in the development of more complex molecules. It is particularly valuable in pharmaceutical research, where it serves as a building block for the creation of compounds with potential therapeutic properties. The presence of both chloro and iodo groups allows for versatile chemical modifications, enabling the introduction of various functional groups. This makes it a useful reagent in the synthesis of heterocyclic compounds, which are often explored for their biological activity. Its application is also seen in the field of medicinal chemistry, where it aids in the design and optimization of drug candidates targeting specific biological pathways.