This chemical is primarily utilized in the pharmaceutical and research sectors as a key intermediate in the synthesis of various bioactive compounds. Its indazole core structure is particularly valuable in the development of drug candidates, especially those targeting enzymes or receptors involved in inflammation, cancer, and neurological disorders. Additionally, it serves as a building block in organic chemistry for creating complex molecules with potential therapeutic applications. Its methoxycarbonyl and carboxylic acid functional groups make it versatile for further chemical modifications, enabling the design of novel compounds with enhanced biological activity.