Used primarily in research and development of pharmaceutical compounds, this compound serves as a key intermediate in synthesizing biologically active molecules. It is particularly valuable in the development of selective kinase inhibitors, which are important in treating diseases such as cancer and inflammatory disorders. Due to the presence of bromine, it readily undergoes cross-coupling reactions like Suzuki or Heck reactions, enabling the construction of complex organic structures. It is also employed in the study of structure-activity relationships (SAR) within indazole-based drug candidates, helping optimize potency and selectivity. Its methyl and bromo substituents provide sites for further functionalization, making it a versatile building block in medicinal chemistry.