This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure makes it valuable for creating compounds that target specific enzymes or receptors, particularly in the field of oncology. Researchers often use it to develop potential inhibitors for cancer-related proteins, leveraging its halogenated indazole core to enhance binding affinity and selectivity. Additionally, it serves as a building block in medicinal chemistry for designing novel therapeutic agents, especially in the exploration of kinase inhibitors, which are crucial in regulating cell signaling pathways. Its application extends to the study of neurological disorders, where it aids in the development of compounds that modulate brain activity. Overall, this chemical plays a significant role in advancing drug discovery efforts across multiple therapeutic areas.