Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated and iodinated aromatic compounds. Its structure allows for selective functionalization in drug design, making it valuable in creating bioactive molecules with enhanced metabolic stability and binding affinity. Commonly employed in radiolabeling applications due to the presence of iodine, enabling use in diagnostic imaging and tracer studies. Also utilized in agrochemical research for developing novel pesticides with improved activity and environmental profiles.