Used primarily in organic synthesis as a building block for more complex molecules, particularly in the pharmaceutical and agrochemical industries. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) and crop protection agents. Its halogenated structure allows for versatile reactivity, enabling the introduction of various functional groups through substitution reactions. Additionally, it is employed in the development of heterocyclic compounds, which are crucial in drug discovery and material science. Its iodine moiety makes it useful in cross-coupling reactions, such as Suzuki and Sonogashira couplings, which are essential for constructing carbon-carbon bonds in complex organic molecules.