This chemical is primarily utilized in organic synthesis as a building block for the development of more complex molecules. It is often employed in pharmaceutical research, particularly in the synthesis of compounds with potential therapeutic properties. The presence of the iodobenzoyl group makes it a valuable intermediate for cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in creating diverse organic structures. Additionally, the tert-butyl carboxylate group provides stability and can be selectively removed or modified, allowing for further functionalization in multi-step synthetic pathways. Its application is significant in the design and discovery of new drugs, especially in the field of medicinal chemistry.