Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly 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 introduction of complex organic fragments. Its structure supports the design of bioactive molecules with improved selectivity and potency. Commonly employed in research settings for the preparation of indazole-based drug candidates targeting inflammatory diseases and neurological disorders. Also utilized in the creation of radiolabeled derivatives for use in positron emission tomography (PET) imaging studies.