Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, especially in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to undergo cross-coupling reactions, enabling the formation of complex indazole derivatives. Commonly employed in research settings to design bioactive molecules targeting neurological disorders and inflammation. Also utilized in the preparation of radiolabeled compounds for imaging studies. Its structural properties make it valuable in optimizing drug candidates for improved binding affinity and metabolic stability.