Used primarily 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 inhibitors targeting specific enzymes or receptors, making it a crucial component in drug discovery efforts. Additionally, it is utilized in the study of cancer therapies, as it can be modified to develop compounds that interfere with tumor growth or metastasis. Its halogenated indazole core also makes it a candidate for exploring anti-inflammatory and antimicrobial agents. Researchers leverage its reactivity to design and optimize novel compounds for therapeutic applications.