Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active molecules. Its structure allows for selective cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex aromatic systems. Commonly employed in Suzuki and Buchwald–Hartwig reactions to introduce substituted aryl amines in drug candidates. Also utilized in the preparation of labeled compounds for metabolic studies due to the presence of iodine, which can be radioactively labeled.