Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its indazole core structure is valuable in medicinal chemistry for targeting enzyme pathways involved in cell proliferation. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig to introduce aryl or heteroaryl groups, enabling the construction of complex bioactive molecules. Also utilized in research settings for the preparation of analogs in structure-activity relationship (SAR) studies.