Used primarily in organic synthesis as an intermediate for pharmaceuticals and functional materials. Its structure supports the development of bioactive compounds, particularly in the design of receptor ligands and enzyme inhibitors. The iodophenyl group enables further functionalization through cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex molecules. Also employed in the research of neuroimaging agents due to the presence of iodine, which can be used in radiolabeling for diagnostic applications.