Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research. It plays a role in the development of kinase inhibitors and other targeted therapies due to its ability to participate in cross-coupling reactions. The presence of both bromo and iodo functional groups allows for selective sequential reactions, making it valuable in building complex molecular structures. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies, especially in the optimization of indazole-based drug candidates.