This compound is primarily utilized in organic synthesis as a versatile building block for the development of more complex chemical structures. Its unique structure, featuring both an iodine atom and an amino group, makes it valuable in cross-coupling reactions, such as the Suzuki-Miyaura and Buchwald-Hartwig reactions, which are essential in pharmaceutical and agrochemical research. Additionally, it serves as a precursor in the synthesis of heterocyclic compounds, which are often explored for their potential biological activities, including antimicrobial, antifungal, and anticancer properties. Its application extends to material science, where it is used in the design of functional materials with specific electronic or photophysical properties.