Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form substituted indazole derivatives, which exhibit biological activity in signaling pathways related to tumor growth. Also employed in research for designing potent and selective inhibitors targeting enzymes involved in inflammation and neurodegenerative diseases. Its carboxylic acid and bromo functional groups allow for further chemical modifications, making it valuable in structure-activity relationship (SAR) studies.