This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules that target specific biological pathways, such as enzyme inhibition or receptor modulation. Its unique structure, featuring both bromo and fluoro substituents, makes it valuable for designing compounds with enhanced binding affinity and metabolic stability. Researchers often employ it in the development of potential treatments for diseases like cancer, inflammation, and neurological disorders. Additionally, its indazole core is frequently explored in medicinal chemistry for its ability to mimic natural substrates, aiding in the discovery of new therapeutic agents.