This compound is primarily utilized in organic synthesis and pharmaceutical research due to its unique structure, which makes it a valuable intermediate in the development of various biologically active molecules. Its pyridazinone core is particularly significant in the design of compounds with potential therapeutic effects, such as anti-inflammatory, antimicrobial, and cardiovascular agents. The presence of the benzyl group and iodine atom allows for further functionalization, enabling the creation of diverse derivatives for drug discovery and development. Additionally, it may be employed in the synthesis of complex heterocyclic compounds, which are often explored for their pharmacological properties.