Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Serves as a building block in the preparation of heterocyclic compounds, particularly in the development of hydrazide-based drugs. Commonly employed in the synthesis of anticonvulsant, antimicrobial, anti-inflammatory, and anticancer agents. Also utilized in coordination chemistry to form metal complexes with potential catalytic or biological activity. Its iodine substituent allows for further functionalization via cross-coupling reactions, making it valuable in medicinal chemistry research.