Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of potential therapeutic agents, particularly in the field of oncology, where it is explored for its ability to inhibit specific enzymes or pathways involved in cancer progression. Additionally, it is utilized in the study of indazole derivatives, which are known for their anti-inflammatory, antimicrobial, and antiviral properties. Its iodine atoms make it a valuable building block for further chemical modifications, enabling the creation of diverse molecules for drug discovery and development.