Used in pharmaceutical research as a structural scaffold for developing bioactive molecules. Shows potential in the design of central nervous system agents due to its affinity for neurotransmitter receptors. Investigated for use in treatments related to anxiety, depression, and neurodegenerative disorders. Also serves as an intermediate in synthesizing kinase inhibitors and other targeted therapies in oncology. Its indazole core contributes to enhanced metabolic stability and binding selectivity in drug candidates.