Used as a key intermediate in the synthesis of bioactive molecules, particularly in pharmaceuticals and agrochemicals. Its nitrile group allows for further functionalization, enabling the production of amides, amines, and heterocyclic derivatives. Commonly employed in the development of kinase inhibitors and cannabinoid receptor modulators due to the indazole core’s affinity for biological targets. Also utilized in research for novel psychoactive substances, making it relevant in forensic and regulatory contexts. Its structural properties support drug discovery efforts aiming at anti-inflammatory, anticancer, and central nervous system agents.