Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for designing drugs targeting cancer and inflammatory diseases. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to build complex indazole derivatives with therapeutic potential. Also utilized in research settings to develop novel analogs for structure-activity relationship (SAR) studies.