Used as a synthetic intermediate in the preparation of bioactive compounds, particularly in medicinal chemistry for developing analogs with potential pharmacological activity. Its structure serves as a scaffold in the design of new molecules targeting enzymes and receptors in research settings. Commonly utilized in the synthesis of indazole-based derivatives being investigated for anti-inflammatory, anticancer, and central nervous system-related activities. Also employed in forensic research and analytical standards due to its presence in some designer drugs, aiding in the identification and metabolism studies of emerging substances.