Used as an intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research. It serves as a building block for indazole-based molecules that exhibit potential antitumor, antiviral, and anti-inflammatory activities. The presence of the trifluoromethoxy group enhances metabolic stability and lipophilicity, making it valuable in drug design for improving pharmacokinetic properties. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies involving kinase inhibitors and CNS-targeted agents.