Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its indazole core structure is valuable in developing potential therapeutic agents, particularly in the field of oncology. Researchers focus on its role in creating inhibitors targeting specific enzymes or proteins involved in cancer cell proliferation. Additionally, it has been explored in the design of compounds with anti-inflammatory and antimicrobial properties, making it a versatile building block in drug discovery. Its applications extend to the development of novel treatments for diseases where modulation of cellular pathways is critical.