Used primarily as an intermediate in the synthesis of bioactive compounds, particularly in pharmaceutical research. It serves as a building block for developing kinase inhibitors and other agents targeting cancer pathways. Its structure allows for derivatization to enhance binding affinity and selectivity in drug candidates. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies involving indazole-based molecules. Also utilized in the preparation of small molecule inhibitors targeting inflammatory and neurological disorders.