This compound is primarily utilized in organic synthesis as a building block for more complex molecules. Its structure, featuring both an amino group and an iodine atom, makes it a valuable intermediate in the development of pharmaceuticals, particularly in the synthesis of compounds with potential biological activity. The iodine atom allows for further functionalization through cross-coupling reactions, such as Suzuki or Sonogashira couplings, enabling the creation of diverse chemical structures. Additionally, the presence of the amino group provides a site for further modification, such as amidation or alkylation, which is useful in drug discovery and material science. Its application is also seen in the preparation of ligands for catalysis and in the development of organic electronic materials due to its aromatic properties.