Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for further functionalization, making it valuable in medicinal chemistry for building complex aromatic compounds. The presence of both amino and iodo groups enables selective reactions, such as coupling reactions in heterocycle formation or in radiolabeled compound preparation for imaging studies. Also employed in research settings for designing enzyme inhibitors and studying reaction mechanisms in organic synthesis.