Used primarily in organic synthesis, it serves as a key intermediate in the development of pharmaceutical compounds, particularly in the creation of indazole-based drugs. Its bromine atoms make it a valuable building block for further functionalization, enabling the production of molecules with potential therapeutic applications, such as anti-inflammatory, antiviral, or anticancer agents. Additionally, it is utilized in research settings to study the biochemical pathways and mechanisms involving indazole derivatives, aiding in the discovery of new medicinal treatments.