Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure supports binding to specific enzyme active sites, enhancing selectivity and potency. Commonly employed in medicinal chemistry for constructing complex heterocyclic systems via cross-coupling reactions like Suzuki or Buchwald-Hartwig aminations. Also utilized in research settings to develop new neuroprotective agents and anti-inflammatory drugs due to its ability to modulate biological pathways. The iodine moiety allows for further functionalization, making it valuable in structure-activity relationship (SAR) studies.