Used in pharmaceutical research as an intermediate in the synthesis of biologically active compounds, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure supports derivatization for structure-activity relationship (SAR) studies, making it valuable in drug discovery. Commonly employed in the preparation of potential anticancer and antimicrobial candidates due to the indazole core’s affinity for various enzyme targets. Also utilized in agrochemical research for designing new active ingredients with improved stability and selectivity.