Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules that require halogenated heterocyclic cores. Its iodine functionality allows for further transformations via cross-coupling reactions such as Suzuki or Heck reactions, enabling the construction of complex organic structures. Commonly employed in medicinal chemistry for lead optimization due to the favorable steric and electronic properties of the methylpyrazole scaffold. Also utilized in the preparation of kinase inhibitors and other targeted therapies in drug discovery programs.