This compound is primarily used in the synthesis of peptides and other biologically active molecules. Its structure, featuring a Boc-protected amine and an iodine-substituted phenyl group, makes it a valuable intermediate in the development of pharmaceuticals, particularly in the creation of targeted drugs for cancer therapy. The iodine atom can facilitate further functionalization through cross-coupling reactions, enabling the attachment of various pharmacophores. Additionally, the Boc group provides stability during synthetic processes, allowing for selective deprotection when needed. This chemical is also employed in research to study enzyme interactions and receptor binding, aiding in the design of more effective therapeutic agents.