Used in organic synthesis as an intermediate for pharmaceuticals, particularly in the development of kinase inhibitors and anticancer agents. The iodobenzene moiety allows for cross-coupling reactions such as Suzuki or Heck reactions, enabling the construction of complex aromatic systems. The cyclopropyl group contributes metabolic stability and can influence binding affinity in bioactive molecules. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to its rigid framework and halogen handle for further functionalization.