Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating compounds with high potency and specificity. Commonly employed in cross-coupling reactions due to the presence of iodine atoms, enabling the formation of carbon-carbon bonds in complex molecule assembly. Also utilized in the preparation of radiolabeled compounds for imaging and diagnostic applications, thanks to the iodine content that can be isotopically substituted.