Used in organic synthesis as a building block for creating complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential biological activity. Its iodine atom makes it a valuable candidate for further functionalization through cross-coupling reactions, such as Suzuki or Sonogashira reactions, enabling the creation of diverse chemical structures. Additionally, it is employed in materials science for the synthesis of organic electronic materials, including those used in OLEDs and other optoelectronic devices. Its unique structure contributes to the development of novel materials with specific optical or electronic properties.