Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and antiviral agents. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing heterocyclic compounds. It is also employed in agrochemical research for designing new active ingredients in crop protection products. The iodo and nitrile groups provide sites for cross-coupling reactions, enabling its use in combinatorial chemistry and drug discovery pipelines.