Used primarily as an intermediate in pharmaceutical synthesis, this compound plays a key role in the development of biologically active molecules. Its halogen substituents allow for selective cross-coupling reactions, making it valuable in the construction of complex heterocyclic systems. It is often employed in the preparation of kinase inhibitors and other targeted therapies in medicinal chemistry research. Additionally, it serves as a building block in the synthesis of potential anticancer and anti-inflammatory agents due to the indazole core's established pharmacological profile.