This chemical is primarily utilized in organic synthesis, particularly in the construction of complex molecular frameworks. It serves as a valuable intermediate in the development of pharmaceuticals, enabling the introduction of functional groups that are essential for biological activity. The compound’s structure, featuring an iodo and oxo group, allows for selective modifications through cross-coupling reactions, making it a versatile tool in medicinal chemistry. Additionally, it is employed in the synthesis of cyclohexene derivatives, which are key components in the production of various therapeutic agents, including anti-inflammatory and anticancer drugs. Its stability and reactivity make it a preferred choice for researchers aiming to design and optimize drug candidates.