Used primarily as a synthetic intermediate in pharmaceutical research, particularly in the development of bioactive molecules targeting neurological and inflammatory pathways. Its fluorinated indazole core enhances binding affinity and metabolic stability in drug candidates. Commonly employed in the synthesis of kinase inhibitors and cannabinoid receptor modulators. Also utilized in agrochemical research for designing novel pesticides with improved efficacy. The ester group allows for easy functionalization, making it valuable in combinatorial chemistry and structure-activity relationship studies.