Used as an intermediate in organic synthesis, particularly in pharmaceuticals and agrochemicals. It serves as a building block in cross-coupling reactions, such as Suzuki and Heck reactions, enabling the formation of carbon-carbon bonds. The iodine substituent allows for selective functionalization, making it valuable in the preparation of complex aromatic compounds. Commonly employed in the development of active pharmaceutical ingredients (APIs) where ester and aryl iodide functionalities are required. Also utilized in research laboratories for the synthesis of liquid crystals and functional materials.