Used primarily as an intermediate in organic synthesis, especially in the development of pharmaceuticals and agrochemicals. Its structure supports the construction of complex heterocyclic systems, making it valuable in medicinal chemistry for designing kinase inhibitors and other bioactive molecules. The iodo and nitro functional groups allow for further transformations via cross-coupling reactions, nucleophilic substitutions, or reductions, enabling the introduction of diverse substituents. It is also employed in research settings to develop compounds with potential antitumor, antimicrobial, or anti-inflammatory activity.