Used primarily as a synthetic intermediate in organic chemistry, especially in the development of pharmaceuticals and bioactive compounds. Its structure serves as a building block for indazole-based molecules, which are found in various medicinal agents, including kinase inhibitors and anti-inflammatory drugs. Commonly utilized in research settings for structure-activity relationship (SAR) studies due to the stability and versatility of the indazole core. Also employed in the synthesis of analogs for drug discovery programs targeting central nervous system disorders and cancer therapies.