This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its indazole core structure is particularly valuable in the design of potential drug candidates, especially those targeting enzyme inhibition or receptor modulation. The presence of the fluorine atom enhances the compound's metabolic stability and binding affinity, making it a useful building block in medicinal chemistry. It is often employed in the preparation of compounds with potential therapeutic applications, such as anti-inflammatory, anticancer, or central nervous system (CNS) agents. Additionally, its ester functional group allows for further chemical modifications, enabling the creation of diverse derivatives for biological screening and optimization.