Used primarily as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure supports the construction of complex heterocyclic systems, making it valuable in medicinal chemistry for designing kinase inhibitors and bioactive molecules. The bromo and nitro functional groups allow for further transformations via cross-coupling reactions, nucleophilic substitutions, or reductions, enabling the introduction of diverse substituents. It is also employed in research settings for the preparation of indazole-based compounds with potential biological activity, including anti-inflammatory and anticancer properties.