Mild and environment friendly hypercoordinate iodine compounds exhibit promising reactivities resembling that of transition metal catalysts. Hypercoordinate iodine reagents or catalysts are increasingly been employed in contemporary organic synthesis. However, mechanistic insights on such reactions continue to remain rather limited. Recent advances in the mechanistic understanding on a selected set of reactions involving hypercoordinate iodine form the main theme of this review. An overview of bonding, reactivity, and mechanistic insights on iodine(III) reactions such as α-functionalization of carbonyl compounds, alkynylation, amination, C H functionalization, phenol dearomatization, and trifluoromethylation have been described. In keeping with the current practices in mechanistic studies, we have maintained an interdisciplinary flavor in this compilation by providing a balanced view of computational and experimental understanding on the burgeoning domain of hypercoordinate iodine mediated reactions and catalysis. FIGURE 1 | Molecular orbital (MO) diagram for three-center-fourelectron (3c-4e) bond in hypercoordinate iodine compound RIL 2 . SCHEME 1 (a) General representation of α-tosyloxylation ketone catalyzed by Koser's reagent. (b) General mechanism for the α-tosyloxylation ketone. (c) Commonly employed iodoarenes in α-tosyloxylation. Overview wires.wiley.com/compmolsci SCHEME 2 (a) Effect of different substituents on the catalytic activity of iodoaryl in α-tosyloxylation. (b) Effect of different substituents on dihedral angle θ(C1-C2-I3-O4). (c) Formation of iodono intermediate 4 and the related ΔG rxn . WIREs Computational Molecular Science Hypercoordinate iodine(III) promoted reactions and catalysis Volume 7,