Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and functionalized aromatic compounds. Its iodine functionality allows for cross-coupling reactions such as Suzuki or Heck couplings, enabling the construction of complex biaryl systems. The carbamate group serves as a protected amine, which can be deprotected to release the free amine for further derivatization. Commonly employed in the development of drug candidates where controlled amine reactivity and halogen-based coupling are required. Also utilized in the synthesis of agrochemicals and specialty materials due to its stability and selective reactivity.