Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active molecules. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building heterocyclic systems. Commonly employed in cross-coupling reactions due to the presence of the iodine atom, enabling the formation of carbon-carbon bonds in drug discovery pathways. Also utilized in research settings for the preparation of pyrazole-based derivatives with potential anti-inflammatory, antiviral, or anticancer activities.