This compound is primarily utilized in organic synthesis and pharmaceutical research due to its unique structure, which makes it a valuable intermediate in the development of biologically active molecules. Its iodine and methoxy functional groups allow for further chemical modifications, enabling the creation of diverse derivatives. These derivatives are often explored for their potential therapeutic applications, particularly in the design of drugs targeting neurological disorders or as inhibitors for specific enzymes. Additionally, its imidazopyridine core is of interest in the development of fluorescent probes or imaging agents for biological studies.