Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of imidazole-based drugs. Its reactivity allows for coupling reactions in medicinal chemistry, enabling the construction of complex heterocyclic systems. Commonly employed in research settings to introduce the benzyl-imidazole scaffold into bioactive molecules. Also utilized in the preparation of radiolabeled compounds for imaging studies due to the presence of iodine, facilitating tracking in biological systems. Shows utility in creating kinase inhibitors and antifungal agents during drug discovery processes.