Used primarily in pharmaceutical research and development as an intermediate in the synthesis of biologically active compounds. It serves as a building block in the creation of kinase inhibitors, which are important in the study of cancer and inflammatory diseases. Its indazole core structure is valued for its ability to interact with various enzyme targets, making it useful in the design of new drug candidates. Additionally, it has been explored in the development of compounds targeting neurological pathways due to its structural similarity to known neuroactive molecules.