Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its indazole core structure is valuable in creating compounds with potential therapeutic applications, particularly in the development of kinase inhibitors, which are crucial in treating cancers and inflammatory diseases. Additionally, it is explored in the design of ligands for receptor studies, aiding in the understanding of cellular signaling pathways. Its versatility also extends to agrochemical research, where it contributes to the development of new pesticides and herbicides.