Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its halogenated structure allows for selective cross-coupling reactions, enabling the construction of complex molecules in medicinal chemistry. It is also employed in research settings to design bioactive compounds targeting inflammatory and neurological disorders. Due to its reactivity, it serves as a building block in heterocyclic chemistry for creating novel indazole derivatives with potential therapeutic activity.