Used as a key intermediate in the synthesis of bioactive molecules, particularly in pharmaceutical research targeting kinase inhibitors and anticancer agents. Its structure allows for selective modifications at the indazole ring, making it valuable in developing compounds with activity against tumor cell proliferation. Commonly employed in medicinal chemistry for constructing indazole-based scaffolds that exhibit improved metabolic stability and binding affinity. Also utilized in agrochemical research for designing new active ingredients with potential pesticidal or fungicidal properties.