Indium(III) iodide is widely utilized in research focused on:

• Optoelectronic Devices: This compound is essential in the fabrication of thin-film transistors and light-emitting diodes (LEDs), providing improved efficiency and performance in electronic displays.
• Photovoltaic Cells: It plays a significant role in the development of solar cells, enhancing light absorption and conversion efficiency, which is crucial for renewable energy applications.
• Chemical Synthesis: Indium(III) iodide serves as a catalyst in various organic reactions, facilitating the formation of complex molecules in pharmaceuticals and fine chemicals.
• Semiconductor Manufacturing: This compound is used in the production of indium-based semiconductors, which are vital for high-speed electronic components and advanced computing technologies.
• Research in Material Science: It is employed in the study of new materials and nanostructures, helping researchers explore innovative applications in nanotechnology and advanced coatings.