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Magnesium iodide is used to prepare compounds for organic synthesis. It serves as a useful reagent in the Baylis-Hillman reaction. It reacts with cyclic sulfates of vic-diols in order to prepare the corresponding olefins.
Gopinath, P.; Ramalingam, V.; Breslow, R. Magnesium pyrophosphates in enzyme mimics of nucleotide synthases and kinases and in their prebiotic chemistry. Proc. Natl. Acad. Sci. 2015, 112 (39), 12011-12014.
Buckley, B. R.; Patel, A. P.; Wijayantha, K. G. Selective formation of trimethylene carbonate (TMC): atmospheric pressure carbon dioxide utilization. Eur. J. Org. Chem. 2015, 2015 (3), 474-478.