Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly in the development of anticancer agents. It serves as a building block for modifying indazole-based structures to enhance biological activity and selectivity toward specific enzyme targets. Its derivative compounds are investigated for their potential in treating inflammatory diseases and tumors due to their ability to modulate cell signaling pathways. Also employed in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates.