Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of potential drug candidates targeting cancer and inflammatory diseases. Its structure allows for modifications that can enhance binding affinity to specific enzymes or receptors, making it a versatile tool in medicinal chemistry. Additionally, it is employed in the study of enzyme inhibition mechanisms, aiding in the discovery of novel therapeutic agents. Its nitro and indazole groups contribute to its reactivity, enabling its use in the creation of complex chemical libraries for high-throughput screening.