This chemical is primarily utilized in organic synthesis, particularly in the construction of complex molecules. It serves as a valuable building block in the preparation of various acrylate derivatives, which are essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its iodine atom makes it a versatile intermediate for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the formation of carbon-carbon bonds. Additionally, it is employed in the synthesis of bioactive compounds, including those with potential antimicrobial or anticancer properties. The (Z)-configuration of the double bond is crucial for its reactivity and selectivity in stereospecific transformations.