Used primarily in organic synthesis as an intermediate for pharmaceutical development, particularly in the preparation of kinase inhibitors and other bioactive molecules. Its structure allows for selective modifications, making it valuable in the design of compounds targeting neurological disorders and cancer pathways. Commonly employed in cross-coupling reactions, such as Suzuki or Heck reactions, to introduce indazole-based scaffolds into larger molecular frameworks. Also utilized in medicinal chemistry research for probing structure-activity relationships in drug discovery programs.