Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its halogenated structure allows for selective cross-coupling reactions, enabling the construction of complex molecules in medicinal chemistry. It is also employed in the preparation of bioactive indazole derivatives with potential anti-inflammatory, antiviral, and neuroprotective properties. Due to its reactivity, it serves as a building block in combinatorial chemistry and high-throughput screening for drug discovery.