This chemical is primarily used in pharmaceutical research and development as an intermediate in the synthesis of more complex molecules. Its structure, featuring both indazole and fluoro substituents, makes it valuable for designing compounds with potential biological activity. It is often employed in medicinal chemistry to explore drug candidates targeting various diseases, particularly those involving enzyme inhibition or receptor modulation. Additionally, its benzyloxy and tert-butyl carboxylate groups provide versatility in chemical modifications, aiding in the creation of derivatives for further pharmacological evaluation.