Primarily used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is leveraged in the development of potential therapeutic agents, particularly in the field of oncology, where it may contribute to the creation of novel anti-cancer drugs. Additionally, it is explored in the study of enzyme inhibition, aiding in the understanding of biochemical pathways and the design of enzyme-targeted treatments. Its nitro and indazole groups make it a valuable component in organic synthesis, facilitating the production of complex chemical entities for further pharmacological evaluation.