Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structural framework is particularly valuable in the development of kinase inhibitors, which are crucial in targeted cancer therapies. Additionally, it finds application in the creation of compounds that modulate enzyme activity, aiding in the study of cellular signaling pathways. Researchers also utilize it to explore potential treatments for inflammatory and autoimmune diseases due to its ability to interact with specific protein targets. Its halogenated indazole core makes it a versatile building block in medicinal chemistry.