Used primarily as a chemical intermediate in organic synthesis, particularly in the development of pharmaceuticals and bioactive compounds. Its structure serves as a building block in the preparation of indazole-based derivatives, which are of interest in medicinal chemistry due to their potential biological activities, including anti-inflammatory, antiviral, and anticancer properties. Commonly employed in research settings to design and synthesize new drug candidates, especially in kinase inhibitor development. Also utilized in the creation of analogs for structure-activity relationship (SAR) studies to optimize potency and selectivity in drug discovery programs.