Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for further functionalization in cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex molecules. Commonly employed in research settings to prepare potential drug candidates targeting cancer and inflammatory diseases. Also utilized in the preparation of radiolabeled compounds for imaging studies due to the presence of iodine, which can be replaced with radioactive isotopes.