Used primarily as a synthetic intermediate in pharmaceutical research, particularly in the development of bioactive molecules and drug candidates targeting central nervous system disorders. Its structure serves as a scaffold in the synthesis of compounds with potential analgesic, anti-inflammatory, and neuroprotective properties. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to the indazole core's metabolic stability and ability to engage in hydrogen bonding. Also utilized in the preparation of selective enzyme inhibitors and receptor modulators in preclinical research.