Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of kinase inhibitors, which are crucial in targeting specific pathways involved in cancer and inflammatory diseases. Additionally, it is employed in the design of compounds that modulate enzyme activity, aiding in the discovery of new therapeutic agents. Its unique indazole core also makes it a suitable candidate for drug candidates aimed at treating neurological disorders.