Used primarily in pharmaceutical research as an intermediate in the synthesis of biologically active compounds. It serves as a building block in the development of kinase inhibitors, which are important in cancer therapy. Its structure allows for selective interactions with enzyme targets, making it valuable in the design of new drug candidates. Also utilized in agrochemical research for developing novel pesticides due to its stability and reactivity profile. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies involving indazole derivatives.