This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and oncological disorders. Its structure, featuring an iodine substituent, facilitates cross-coupling reactions and other modifications, making it valuable in the development of potential drug candidates. Additionally, it is employed in the study of enzyme interactions and receptor binding, aiding in the discovery of novel therapeutic agents. Its applications also extend to organic synthesis, where it is used to construct complex heterocyclic frameworks essential in drug design.