This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its indazole core structure is particularly valuable in the design of drugs targeting enzymes and receptors, making it a crucial component in the creation of potential therapeutic agents. Additionally, it is employed in the development of inhibitors for specific proteins, contributing to advancements in treatments for diseases such as cancer and inflammatory disorders. Its bromine substituent also allows for further functionalization, enabling the creation of diverse derivatives for medicinal chemistry applications.