Used primarily as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive molecules. Its structure allows for facile modification through cross-coupling reactions, making it valuable in the development of drug candidates targeting central nervous system disorders. The iodine substituent enables further functionalization via palladium-catalyzed reactions such as Suzuki or Heck couplings, facilitating the construction of complex aromatic systems. Additionally, it has been employed in the synthesis of receptor ligands and enzyme inhibitors due to the stability and reactivity profile of the amide and iodophenyl functionalities.