This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. It plays a significant role in the development of pharmaceutical agents, particularly those targeting diseases related to inflammation, cancer, and central nervous system disorders. Its structural features, including the trifluoromethyl group and indazole core, make it a valuable building block for designing compounds with enhanced potency, selectivity, and metabolic stability. Researchers often employ it in drug discovery programs to optimize lead compounds for therapeutic applications. Additionally, its use in organic synthesis extends to the creation of novel heterocyclic compounds with potential industrial and agricultural applications.