Primarily utilized in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of potential therapeutic agents, including kinase inhibitors, which are crucial in targeting specific pathways involved in diseases such as cancer. Additionally, it finds application in the development of chemical probes for studying enzyme mechanisms and cellular processes. Its unique halogenated indazole core makes it a versatile building block in organic synthesis, enabling the exploration of novel drug candidates and bioactive compounds.