Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of biologically active molecules. It is particularly valuable in the creation of kinase inhibitors, which are important in the treatment of cancers and inflammatory diseases. Its indazole core structure enhances binding affinity to certain enzyme targets, making it suitable for designing drugs that require high selectivity. Additionally, it has been explored in the development of central nervous system agents due to its ability to cross the blood-brain barrier. The compound also finds use in medicinal chemistry as a building block for novel drug candidates in preclinical studies.