Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to undergo selective cross-coupling reactions, enabling the construction of complex heterocyclic systems. Its structural features make it valuable in the design of bioactive molecules targeting inflammatory diseases and neurological disorders. Also employed in research settings for the preparation of novel indazole derivatives with potential antimicrobial and antiviral activities.