This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure serves as a key intermediate in the creation of molecules targeting various biological pathways, including central nervous system disorders and infectious diseases. Additionally, it is employed in organic chemistry as a building block for constructing complex heterocyclic compounds, which are often explored for their potential therapeutic properties. Its iodine moiety also makes it useful in radiolabeling studies for tracking and imaging applications in biomedical research.