This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the synthesis of various biologically active molecules, including potential drug candidates. The tert-butyl and methyl ester groups attached to the indazole core provide reactive sites for further functionalization, enabling the creation of diverse derivatives. Additionally, it finds application in the research and development of new materials, where its structural framework can be tailored to achieve specific properties. Its stability and reactivity make it a useful component in the design of compounds for medicinal chemistry and material science studies.