Used in pharmaceutical research as an intermediate in the synthesis of bioactive compounds, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its indazole core structure is valued for engaging in hydrogen bonding and π-π interactions with biological targets, enhancing binding affinity. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates. Also explored in the design of potential anticancer and neuroprotective agents due to its metabolic stability and favorable pharmacokinetic profile.