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 for promoting strong binding to biological targets. Commonly employed in research settings to design drugs targeting inflammatory diseases and certain neurological disorders. Its trifluoromethoxy group enhances metabolic stability and membrane permeability, making it valuable in optimizing drug candidates for improved bioavailability.