Used primarily as a synthetic intermediate in pharmaceutical research, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure supports modification at multiple sites, making it valuable in medicinal chemistry for designing compounds with potential anti-inflammatory, anticancer, or neuroprotective activities. Commonly employed in the synthesis of indazole-based drug candidates due to the favorable metabolic stability and binding affinity of the indazole core. Also utilized in agrochemical research for developing new active ingredients.