Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules that require halogenated aromatic scaffolds. Its structure allows for further functionalization through cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex organic molecules. Commonly employed in research settings to prepare compounds with potential antitumor, antimicrobial, or anti-inflammatory activity. Also utilized in the preparation of radiolabeled compounds for imaging and tracer studies due to the presence of iodine, which can be substituted with radioactive isotopes.