Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly targeting tyrosine kinases involved in cancer cell proliferation. Shows potential in developing anticancer agents due to its ability to act as a scaffold for small molecule inhibitors. Also employed in medicinal chemistry for structure-activity relationship (SAR) studies of heterocyclic compounds with biological activity. Its iodine substituent allows for further functionalization via cross-coupling reactions, making it valuable in drug discovery and development.