This compound is primarily used in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the production of thyroid hormone analogs and related compounds, which are essential for studying and treating thyroid disorders. Its structure, featuring iodine atoms and a protected amino group, makes it valuable in peptide synthesis and the development of radiopharmaceuticals for diagnostic imaging. Additionally, it is utilized in the preparation of chiral compounds, aiding in the study of stereochemistry and drug development. Its stability and reactivity under controlled conditions make it a versatile building block in medicinal chemistry.