Used as an intermediate in organic synthesis, particularly in the preparation of functionalized polymers and specialty chemicals. Its iodine moiety allows for further transformations via cross-coupling reactions, such as Suzuki or Stille couplings, enabling the construction of complex organic molecules. The ester group can be hydrolyzed to yield carboxylic acids or reduced to alcohols, making it valuable in pharmaceutical synthesis and the development of agrochemicals. Commonly employed in research settings to introduce alkyl chains with terminal functionality into target compounds.