Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its indazole core, which is known for interacting with biological targets such as enzymes and receptors. Its derivative structures are explored in research for anti-inflammatory, antiviral, and neuroprotective agents. Also utilized in the creation of small molecule drugs targeting neurological disorders and metabolic diseases. Commonly employed in structure-activity relationship (SAR) studies to optimize drug potency and selectivity.