This chemical is primarily used in the synthesis of complex organic compounds, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of thyroid hormone analogs, which are crucial for treating thyroid-related disorders. The compound's structure, featuring a protected amino group and iodine-substituted aromatic ring, makes it valuable for creating targeted molecules with specific biological activities. Additionally, it is employed in peptide chemistry for constructing peptide chains with enhanced stability and functionality. Its role in research and drug development highlights its importance in advancing therapeutic solutions for endocrine and metabolic diseases.