Widely utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its indazole core structure is particularly valuable in the development of kinase inhibitors, which are crucial for targeting cancer and inflammatory diseases. Additionally, it plays a role in the creation of compounds with potential therapeutic effects on neurological disorders, such as Parkinson's and Alzheimer's diseases. Its carboxamide group enhances binding affinity to target proteins, making it a versatile building block in drug discovery. Researchers also explore its use in designing agents for cardiovascular and metabolic conditions, highlighting its broad applicability in medicinal chemistry.