Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules that require substitution patterns on aromatic rings. Its iodine functionality allows for further transformations via cross-coupling reactions such as Suzuki or Heck couplings, enabling the construction of complex organic structures. Commonly employed in medicinal chemistry for the preparation of analogs in structure-activity relationship (SAR) studies. Also utilized in the production of specialty chemicals where methoxy and ester functionalities contribute to desired solubility or reactivity profiles.