Used primarily in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Its structure supports the development of kinase inhibitors and anticancer agents. The iodine atom allows for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the introduction of aromatic or alkenyl groups. Commonly employed in medicinal chemistry for building nitrogen-containing heterocycles with potential neurological or anti-inflammatory activity. Also utilized in research settings to develop novel indazole derivatives for drug discovery programs.