Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure supports functionalization at multiple sites, making it valuable in medicinal chemistry for building bioactive molecules. It is also employed in the preparation of indazole-based derivatives that show potential in anti-inflammatory and neuroprotective applications. Additionally, this compound serves as a building block in agrochemicals and materials science where heterocyclic frameworks are required.