Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and antimicrobial agents. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating targeted drug candidates. Commonly employed in cross-coupling reactions due to the presence of the iodine moiety, enabling the formation of carbon-carbon and carbon-heteroatom bonds. Also utilized in the preparation of agrochemicals and bioactive molecules where nitro and amino groups serve as handles for further transformation.