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 indazole core, which is known for favorable binding to biological targets. Its bromo and methyl functional groups allow for further chemical modifications through cross-coupling reactions, enabling the creation of diverse compound libraries for drug discovery. Also employed in research settings to develop potential treatments for inflammatory diseases and neurological disorders.