Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of biologically active molecules. Its structure supports the creation of kinase inhibitors, which are important in the study of cancer and inflammatory diseases. The carboxylic acid group allows for easy derivatization, enabling the formation of amides and esters used in medicinal chemistry to optimize drug potency and pharmacokinetics. It is also employed in the development of analogs for structure-activity relationship (SAR) studies, particularly in targeting central nervous system receptors and enzymes involved in signal transduction. Due to its methoxy-indazole framework, it shows relevance in the design of compounds with potential metabolic stability and enhanced bioavailability.