Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research. Its structure supports the development of potential antitumor and antimicrobial agents due to the presence of nitro and iodo functional groups that enable further chemical modifications. Commonly employed in click chemistry applications for building complex heterocyclic systems. Also utilized in radiolabeling studies owing to the iodine atom, making it valuable in medicinal chemistry for tracer development and imaging probes.