Used primarily as a building block in organic synthesis, especially in the preparation of liquid crystals and advanced materials. Its iodine atoms allow for further functionalization through cross-coupling reactions, making it valuable in pharmaceutical and agrochemical research. Also employed in the development of contrast agents for medical imaging due to the high iodine content, which enhances X-ray absorption. Additionally, it serves as a precursor in the synthesis of conjugated polymers and organic semiconductors for electronic devices.