Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and fungicides. The iodine substituent enables diverse cross-coupling reactions, such as copper- or palladium-catalyzed couplings with other organic moieties, facilitating further functionalization. Its pyrazole core structure allows for easy modification, making it valuable in creating active ingredients with enhanced biological activity. Also employed in research for novel drug candidates targeting central nervous system disorders due to its resemblance to bioactive heterocycles.