This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its structure, featuring both an iodine substituent and a methoxy group, makes it a versatile building block for constructing complex heterocyclic compounds. It is often employed in the development of potential drug candidates, particularly in the design of kinase inhibitors, which are crucial for targeting various cancers and inflammatory diseases. Additionally, its reactivity allows for further functionalization, enabling researchers to explore diverse chemical modifications for optimizing pharmacological properties.