Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic systems. Commonly employed in cross-coupling reactions due to the presence of iodine, enabling the formation of carbon-carbon bonds in drug discovery pathways. Also utilized in agrochemical research for designing novel active ingredients with improved stability and reactivity.