Used in organic electronics as a building block for synthesizing high-performance semiconducting materials. Its rigid aromatic structure and iodine functionalization make it suitable for cross-coupling reactions in the production of conjugated polymers and small molecules for organic field-effect transistors (OFETs) and organic photovoltaics (OPVs). The compound’s heavy iodine atoms facilitate efficient palladium-catalyzed reactions, enabling precise molecular engineering of π-conjugated systems. It is also explored in the development of luminescent materials and sensors due to its favorable electronic properties and structural stability.