Used in organic synthesis as a building block for pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure serves as a key scaffold in medicinal chemistry due to the indazole ring’s ability to mimic purine bases, enabling interactions with biological targets such as enzymes and receptors. Commonly employed in the preparation of drug candidates targeting cancer, CNS disorders, and metabolic diseases. Also utilized in agrochemical research for designing bioactive molecules with enhanced stability and selectivity.