This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of heterocyclic compounds. Featuring an iodine substituent at the 3-position and a methoxy group at the 5-position on the 1H-pyrrolo[2,3-b]pyridine core, its structure makes it valuable for constructing complex molecules with potential therapeutic applications, such as kinase inhibitors or other drug candidates targeting specific enzymes or receptors. Researchers also explore its use in medicinal chemistry for designing compounds with anti-cancer, anti-inflammatory, or neuroprotective properties. Additionally, it may be employed in the study of biochemical pathways and drug discovery processes.