This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzyme pathways or receptors. Its structure, featuring an indazole core, makes it valuable for designing molecules with potential therapeutic applications, such as anti-inflammatory, anticancer, or antiviral agents. Researchers often modify its functional groups to optimize drug efficacy, selectivity, and bioavailability. Additionally, it is employed in organic synthesis to create complex molecular architectures for further investigation in medicinal chemistry.