This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex chemical structures. Its unique structure, featuring both an aromatic ring and an iodoethyl group, makes it suitable for use in cross-coupling reactions, which are essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it can serve as a building block in the synthesis of liquid crystals, which are critical components in display technologies such as LCDs. The iodine atom in the molecule also allows for further functionalization, enabling its use in radiopharmaceuticals for medical imaging and targeted cancer therapies.