Used as an intermediate in organic synthesis, particularly in cross-coupling reactions such as Suzuki and Heck reactions, to construct carbon-carbon bonds. Its iodo and methoxy groups make it a valuable substrate for introducing aromatic methyl and methoxy functionalities into more complex molecules. Commonly employed in the development of pharmaceuticals, agrochemicals, and functional materials where substituted benzene derivatives are required. The presence of iodine allows for selective reactivity under mild conditions, enhancing its utility in multi-step synthetic routes.