Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective functionalization, making it valuable in constructing biologically active molecules. Commonly employed in cross-coupling reactions due to the presence of the iodine moiety, enabling the formation of C–C bonds in drug discovery pathways. Also utilized in the preparation of pyridine-based derivatives with potential neurological and anti-inflammatory activity.