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 to exhibit biological activity. Commonly employed in research settings to design drugs targeting inflammatory diseases, neurodegenerative disorders, and metabolic conditions. Its structure allows for easy functionalization, making it valuable in creating compound libraries for high-throughput screening. Also utilized in agrochemical research for developing bioactive molecules with potential pesticidal or herbicidal properties.