Used as an intermediate in the synthesis of dyes, pharmaceuticals, and agrochemicals. It serves in the preparation of functionalized aniline derivatives through cross-coupling reactions, such as Suzuki or Heck reactions, enabling the construction of complex aromatic systems. Also employed in the development of photoactive compounds and as a building block in materials science for organic electronic materials. Its iodo group allows for further functionalization, making it valuable in research and development of bioactive molecules.