Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure supports the construction of heterocyclic systems important in drug design. The iodo and amino functional groups allow for further derivatization through cross-coupling reactions and nucleophilic substitutions, making it valuable in medicinal chemistry for creating diverse compound libraries. Also employed in the preparation of agrochemicals and functional materials due to its reactive scaffold.