Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for targeted cancer therapies. Its structure allows for selective modification, making it valuable in creating potent bioactive molecules. Commonly employed in cross-coupling reactions due to the iodine moiety, enabling the formation of C–C and C–heteroatom bonds in drug discovery pipelines. Also utilized in agrochemical research for designing novel active ingredients with improved metabolic stability.