Used in organic synthesis as an intermediate for pharmaceutical development, particularly in the preparation of bioactive molecules and kinase inhibitors. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for constructing indazole-based compounds with potential anticancer, anti-inflammatory, or antiviral activity. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to introduce aryl or vinyl groups. Also utilized in the development of research compounds targeting neurological receptors due to the indazole core’s affinity for CNS targets.