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bismuth iodate is a grey solid with a unique crystal structure. Its primary applications involve chemical reactions and research into cutting-edge photovoltaic materials. bismuth iodate is soluble in water, ethanol and acetone. It is highly corrosive, toxic and irritating to the skin and eyes. It is also a strong base and can react with acidic solutions to produce iodobismuth (III) anions.

Bis(III) iodide catalyzes the Mukaiyama aldol reaction and the Barbier type allylation of carbonyl compounds in combination with zinc or magnesium. It is also a precursor to the formation of certain perovskite materials including methylammonium bismuth iodate, or MBI, which is a lead-free zero-dimensional perovskite material with interesting properties such as strong second harmonic generation and a wide band gap.

Electrochemically synthesized BiOI has a cactus-like morphology formed from interlinked nano-disks, and micron-size platelet crystallites. The indirect band gaps of pure BiOI and BiI3 obtained from diffuse reflectance spectroscopy were 1.72 eV and 1.98 eV respectively.

It has been shown to improve the thermal stability of Ge-Te chalcogenide glasses by adding bismuth iodate to the glass formulation. It can also be deposited as a thin film to serve as a hole transport layer in conventional organic solar cells, providing better performance than other HTLs. In addition, wet chemically synthesized crystalline BiOI has exhibited high photocatalytic activity with the ability to degrade malachite green under visible light.