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 quinoline derivatives. These derivatives are often explored for their potential therapeutic properties, including antimicrobial, anticancer, and anti-inflammatory activities. Additionally, it is used in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates. Its iodine moiety makes it a valuable building block for further functionalization through cross-coupling reactions, enabling the creation of complex molecular structures.