Used as a key intermediate in the synthesis of pharmaceuticals, 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. Commonly employed in research settings to design compounds with anti-inflammatory, antiviral, and antiproliferative activities. Its chloro and methoxy substituents allow for further functionalization, enabling structure-activity relationship studies in drug discovery programs.