Used primarily as a synthetic intermediate in pharmaceutical research, particularly in the development of bioactive compounds targeting inflammation, metabolic disorders, and central nervous system conditions. Its structure serves as a core scaffold in the design of enzyme inhibitors and receptor modulators. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to its resemblance to indazole-based pharmacophores found in several drug candidates. Also utilized in the synthesis of analogs for biological screening in early-stage drug discovery programs.