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 substitutions on the indazole ring, enabling the creation of biologically active molecules. It is also employed in the preparation of selective ligands for neurological receptors, contributing to research on neurodegenerative diseases. Additionally, it finds use in agrochemical research for designing novel pesticides with improved target specificity.