Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective cross-coupling reactions, making it valuable in creating complex molecules for drug discovery. Commonly employed in palladium-catalyzed reactions such as Suzuki and Heck couplings to build carbon-carbon bonds in medicinal chemistry. Also utilized in agrochemical research for designing new active ingredients. The iodo group provides high reactivity and selectivity, enabling efficient functionalization in multi-step synthetic routes.