Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its halogenated indazole structure, which allows for selective cross-coupling reactions. Its derivatives are explored for anti-inflammatory, antiviral, and neuroprotective activities. Also employed in research settings to design and optimize new bioactive molecules targeting central nervous system disorders and oncology pathways.