Used primarily in research settings as an intermediate in the synthesis of pharmaceutical compounds. It serves as a building block for developing biologically active molecules, particularly in the design of kinase inhibitors and anti-inflammatory agents. Its indazole core structure is of interest in medicinal chemistry due to its ability to interact with various enzyme systems and receptors. Also explored in the development of potential anticancer agents due to its structural similarity to known cytotoxic compounds. Not used in consumer products or industrial applications.