Used 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 indazole core, which is known for promoting biological activity in drug candidates. Commonly employed in the preparation of small molecule therapeutics targeting inflammatory diseases and neurological disorders. Also utilized in agrochemical research for designing bioactive molecules with pesticidal or herbicidal properties. Its carboxylic acid functionality allows for easy derivatization, making it valuable in combinatorial chemistry and high-throughput screening.