Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its iodine and amino groups make it valuable for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). Additionally, it finds application in the synthesis of dyes and pigments due to its ability to form stable aromatic compounds. In research, it is employed in cross-coupling reactions to create novel organic compounds. Its versatility in chemical transformations makes it a useful building block in medicinal chemistry and material science.