This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. It is often employed in the construction of heterocyclic compounds, particularly in the synthesis of pharmaceuticals and agrochemicals. Its iodine moiety makes it a valuable building block for cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in creating biologically active molecules. Additionally, it can serve as a precursor in the preparation of ligands for catalysis or as a key component in the synthesis of pyridine derivatives with potential therapeutic applications.