Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules due to the presence of both amino and iodo functional groups. The compound serves as a building block in cross-coupling reactions, enabling the formation of carbon-carbon and carbon-heteroatom bonds. Its nitrile group can be further modified to introduce amides, carboxylic acids, or tetrazoles, expanding its utility in medicinal chemistry. Commonly employed in the preparation of kinase inhibitors and other targeted therapies in drug discovery.