Used primarily as a synthetic intermediate in organic chemistry, especially in the development of pharmaceuticals and bioactive compounds. Its structure serves as a building block for indazole-based molecules, which are found in various medicinal agents, including kinase inhibitors and anti-inflammatory drugs. Commonly utilized in research settings for designing new drug candidates due to the indazole core’s favorable pharmacokinetic properties and ability to engage in key biological interactions. Also employed in the synthesis of cannabinoid receptor modulators and other central nervous system-targeting compounds.