Used as an intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research. It serves in the development of pyrazole-based derivatives that exhibit potential antitumor, anti-inflammatory, and antimicrobial properties. The presence of iodine allows for further functionalization via cross-coupling reactions, making it valuable in medicinal chemistry for structure-activity relationship studies. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its reactive scaffold.