This compound is primarily utilized in the field of organic synthesis as a key intermediate for the development of various pharmaceutical agents. Its structure, featuring a bromomethyl group, makes it a versatile building block for the introduction of the indazole moiety into more complex molecules. It is particularly valuable in the synthesis of biologically active compounds, including potential drug candidates targeting neurological disorders, cancer, and inflammation. Additionally, it serves as a precursor in the preparation of ligands for receptor studies, aiding in the exploration of biochemical pathways and drug discovery efforts. Its reactivity allows for further functionalization, enabling the creation of diverse chemical entities for research and therapeutic applications.