Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly kinase inhibitors. Shows potential in the development of anticancer agents due to its ability to modulate signaling pathways involved in cell proliferation. Also explored for use in central nervous system drug discovery owing to its structural similarity to neuroactive molecules. Its piperazine-indazole framework enhances binding affinity to certain receptors, making it valuable in medicinal chemistry for optimizing drug candidates.