This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure, featuring a trifluoromethyl group and an indazole core, makes it valuable for developing compounds with potential therapeutic applications, such as anti-inflammatory, anticancer, or antimicrobial agents. Researchers often explore its derivatives to optimize drug efficacy, selectivity, and pharmacokinetic properties. Additionally, it may be used in the study of structure-activity relationships (SAR) to design novel drugs with improved biological activity and reduced side effects.