Used in organic synthesis as a building block for more complex molecules, particularly in the pharmaceutical industry. It serves as an intermediate in the production of various drugs, including those targeting neurological disorders. Its structure allows for further functionalization, making it valuable in creating compounds with specific biological activities. Additionally, it is employed in the development of dyes and pigments due to its aromatic amine properties. Its iodine substituent also makes it useful in radiolabeling applications for imaging and diagnostic purposes.