Used primarily as an intermediate in organic synthesis, particularly in the production of specialty chemicals and pharmaceuticals. It serves as a building block in the development of complex molecules, especially those requiring aryl ether or iodine functional groups. In material science, it is employed in the synthesis of liquid crystals and polymers, where its structure contributes to desired properties like thermal stability and electronic characteristics. Additionally, it finds application in research and development for creating compounds with potential biological activity, such as antimicrobial or anticancer agents.