This chemical is primarily utilized in organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the construction of complex molecules, especially those involving indazole scaffolds. Its functional groups, such as the iodo and methoxy substituents, make it a versatile building block for coupling reactions, enabling the introduction of various moieties into target structures. The tert-butyl carboxylate group provides stability and can be selectively removed or modified, offering flexibility in synthetic pathways. It is often employed in the synthesis of biologically active molecules, including potential drug candidates for therapeutic areas such as oncology, inflammation, and central nervous system disorders. Its role in medicinal chemistry highlights its importance in the discovery and optimization of new drugs.