Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules. Its iodine functionality allows for further transformations via cross-coupling reactions, such as Suzuki or Heck couplings, enabling the construction of complex heterocyclic systems. Commonly employed in medicinal chemistry for modifying pyrazole-based scaffolds to enhance biological activity or optimize pharmacokinetic properties. Also utilized in the preparation of ligands for catalysis and in materials science for designing functional organic compounds.