This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its indazole core structure is often incorporated into compounds designed for therapeutic applications, such as anti-inflammatory, anticancer, or antiviral agents. Additionally, the trifluoromethyl group enhances the compound's metabolic stability and binding affinity, making it valuable in drug discovery efforts. Researchers also explore its potential in agrochemical applications, where it may contribute to the development of novel pesticides or herbicides.