Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and biologically active molecules. It is particularly valuable in the development of compounds targeting enzyme inhibition, making it useful in drug discovery and medicinal chemistry. Additionally, it is employed in the synthesis of iodine-containing heterocycles, which are important in the creation of novel materials and therapeutic agents. Its reactive amidine group allows for versatile chemical transformations, enabling the construction of complex molecular structures.