Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form substituted indazole derivatives, which are present in various biologically active molecules. Commonly employed in research settings to design drugs targeting inflammatory diseases, neurological disorders, and tumor growth. Its carboxylic acid and bromo functional groups allow for further chemical modifications through coupling reactions or nucleophilic substitutions, making it valuable in creating compound libraries for drug discovery.