Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of functionalized cyclohexyl derivatives for pharmaceuticals and agrochemicals. Its iodine functionality allows for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the construction of complex organic molecules. It is also employed in the development of specialty monomers for polymer chemistry, where the cyclohexyl group imparts rigidity and thermal stability to the resulting materials. Additionally, it can act as a building block in the synthesis of bioactive compounds, particularly in medicinal chemistry research targeting central nervous system agents.