Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antifungal, antibacterial, and insecticidal properties. Its structure serves as a building block in heterocyclic chemistry, enabling the creation of more complex pyrazole derivatives. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to the iodine atom's utility in cross-coupling reactions, such as Suzuki or Heck reactions, allowing rapid diversification of compound libraries. Also applied in the preparation of kinase inhibitors and other targeted therapies in drug discovery.