Used primarily as a research chemical in organic synthesis and medicinal chemistry, this compound serves as an intermediate in the development of bioactive molecules. Its structure supports use in creating indazole-based pharmacophores, which are found in compounds with anti-inflammatory, antiviral, and anticancer activities. It is also employed in the study of enzyme inhibitors and receptor modulators due to the indazole core’s affinity for various biological targets. Commonly utilized in laboratory settings, it enables the construction of complex heterocyclic systems for drug discovery and biochemical assays.