Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic systems. Commonly employed in cross-coupling reactions due to the presence of the iodide moiety, enabling the formation of carbon-carbon and carbon-nitrogen bonds. Also utilized in agrochemical research for designing bioactive molecules with improved stability and target specificity.