Used in organic synthesis as a building block for more complex molecules, particularly in pharmaceutical research. It serves as a precursor in the development of compounds with potential biological activity, such as inhibitors for enzymes or receptors. Its iodine atom makes it a valuable intermediate for cross-coupling reactions, enabling the creation of diverse chemical structures. Applied in the study of isoxazole derivatives, which are known for their therapeutic properties in treating neurological disorders and inflammation. Also utilized in material science for the design of functional materials with specific electronic or optical properties.