This chemical is primarily used in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly in the synthesis of heterocyclic molecules. Its structure makes it valuable for constructing complex pharmacophores in drug discovery, especially for targeting neurological and infectious diseases. Additionally, it is utilized in the preparation of ligands for metal coordination chemistry, which can be applied in catalysis or material science. Its iodine substituent also allows for further functionalization, making it a versatile building block in medicinal chemistry.