Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex organic frameworks. The iodine moiety enables cross-coupling reactions such as Suzuki or Heck reactions, facilitating the introduction of aromatic or heteroaromatic groups. The cyclopropyl ring contributes to metabolic stability and influences binding affinity in drug candidates. Commonly employed in research settings for optimizing lead compounds in oncology and inflammatory disease programs.