Used in organic synthesis as a building block for the preparation of complex molecules, particularly in pharmaceutical research. It serves as an intermediate in the development of compounds with potential therapeutic applications, such as anticancer or antiviral agents. The iodine atom in the structure makes it valuable for further functionalization through cross-coupling reactions, enabling the creation of diverse chemical libraries. Additionally, it can be employed in the synthesis of fluorescent dyes or imaging agents due to its aromatic and functional group properties.