This chemical is primarily utilized in organic synthesis as a key intermediate for the development of complex molecules, particularly in pharmaceutical research. It serves as a building block in the construction of pyrrolopyrazole derivatives, which are known for their potential biological activities. The compound is often employed in medicinal chemistry for the design and synthesis of drug candidates targeting various therapeutic areas, including oncology and central nervous system disorders. Its iodine moiety makes it a versatile substrate for further functionalization through cross-coupling reactions, enabling the creation of diverse molecular structures. Additionally, it is used in the study of heterocyclic chemistry to explore novel chemical reactions and pathways.