Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its halogenated structure allows for selective cross-coupling reactions, enabling the construction of complex molecules in medicinal chemistry. It is also employed in the preparation of bioactive indazole derivatives that exhibit anti-inflammatory and antiviral properties. Due to the presence of bromo and iodo substituents, it serves as a versatile building block in Suzuki, Stille, and Buchwald-Hartwig coupling reactions, facilitating rapid diversification in drug discovery research.