This compound is primarily utilized in organic synthesis, particularly in the construction of complex indole derivatives. Its structure, featuring both an iodinated indole core and a tert-butyl carboxylate group, makes it a valuable intermediate for cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in pharmaceutical and materials chemistry. The methoxy group further enhances its reactivity, enabling selective functionalization at specific positions on the indole ring. It is often employed in the development of biologically active molecules, including potential drug candidates targeting neurological disorders or cancer, due to the indole scaffold's prevalence in medicinal chemistry. Additionally, its stability and ease of handling make it a preferred choice for researchers working on heterocyclic compounds.