Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for further functionalization, making it valuable in medicinal chemistry for creating analogs with potential anticancer, antiviral, or anti-inflammatory properties. Commonly employed in research settings for designing novel drug candidates due to the reactivity of the amino, iodo, and ester groups. Also utilized in the preparation of heterocyclic compounds in organic synthesis.