Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting central nervous system disorders and antimicrobial agents. Its structure enables functionalization at the iodine site through cross-coupling reactions, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in the development of kinase inhibitors and receptor modulators due to its favorable binding properties and metabolic stability. Also utilized in agrochemical research for designing novel pesticides with improved efficacy.