Used as an intermediate in organic synthesis, particularly in pharmaceutical and agrochemical industries. It serves as a building block for cross-coupling reactions, such as Suzuki and Heck reactions, enabling the formation of carbon-carbon bonds. Commonly employed in the preparation of bioactive molecules, natural products, and functionalized aromatic compounds. Its iodo group provides high reactivity in metal-catalyzed transformations, making it valuable in research and development of new chemical entities.