Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with pyrazole scaffolds. Its iodo functionality allows for further functionalization via cross-coupling reactions such as Suzuki or Heck reactions, enabling the construction of complex organic structures. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to the ease of modifying the pyrazole ring. Also utilized in the preparation of ligands for catalysis and in the development of imaging agents where iodine serves as a radiolabel or contrast enhancer.