This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules. It is particularly valuable in the preparation of quinoline derivatives, which are often explored for their potential pharmacological activities. Researchers employ it in the synthesis of compounds that may exhibit antimicrobial, anticancer, or anti-inflammatory properties. Additionally, its structure, featuring both chloro and iodo substituents, makes it a versatile building block for further functionalization, enabling the creation of diverse chemical libraries for drug discovery and development.