Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating targeted therapies. Commonly employed in cross-coupling reactions due to the presence of iodine, enabling the formation of carbon-carbon bonds in drug discovery processes. Also utilized in agrochemical research for designing novel active ingredients with improved efficacy and selectivity.