Used in organic synthesis as an intermediate for the development of pharmaceuticals, particularly in the creation of thiazole-containing compounds. It plays a role in the synthesis of potential antimicrobial and antifungal agents due to the thiazole ring's biological activity. Additionally, it is utilized in research for designing novel compounds with therapeutic properties, such as anti-inflammatory or anticancer agents. The iodine atom in the structure allows for further functionalization, making it valuable in medicinal chemistry and drug discovery.