Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of active ingredients in crop protection agents and medicinal compounds. The presence of both chlorine and iodine substituents facilitates selective cross-coupling reactions, commonly employed in organic synthesis, particularly in the construction of complex aromatic systems. It is also utilized in research settings for the preparation of labeled compounds and in the development of novel synthetic pathways.