This chemical is primarily used in organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of various indazole derivatives, which are known for their biological activities. These derivatives are often explored for their potential in treating diseases, including cancer, inflammation, and neurological disorders. Additionally, it is utilized in research settings to study the structure-activity relationships of indazole-based molecules, aiding in the design of new drugs with improved efficacy and safety profiles. Its role in medicinal chemistry makes it a valuable compound for advancing therapeutic innovations.