Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form stable heterocyclic structures that interact with biological targets. Commonly employed in the preparation of small molecule drugs targeting tyrosine kinases and other signaling proteins involved in tumor growth and inflammation. Its iodo functional group allows for further modification via cross-coupling reactions, enabling rapid diversification in drug discovery programs. Also utilized in research settings to develop new bioactive molecules with potential antiviral and neuroprotective activities.