Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. Its structure supports the formation of biologically active molecules by enabling specific binding to enzyme targets. Commonly employed in medicinal chemistry for constructing complex drug candidates due to the reactivity of the iodo and nitrile groups, allowing for cross-coupling reactions and functional group transformations. Also utilized in the preparation of radiolabeled compounds for imaging studies, taking advantage of the iodine atom for isotopic labeling.