Used in organic synthesis as an intermediate for pharmaceuticals, particularly in the development of kinase inhibitors and bioactive molecules. Its bromo and ester functional groups allow for further chemical modifications, making it valuable in medicinal chemistry for constructing complex heterocyclic compounds. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to introduce aryl or vinyl groups. Also utilized in the synthesis of potential anti-inflammatory, anticancer, and CNS-active agents due to the indazole core’s biological relevance.