Used primarily 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 undergo selective bromination and coupling reactions, enabling the construction of complex heterocyclic systems. Its indazole core is found in bioactive molecules with potential anti-inflammatory, antimicrobial, and neuroprotective activities. Also employed in research settings for the design of novel drug candidates targeting central nervous system disorders and metabolic diseases.