This compound is primarily used in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring a tert-butoxycarbonyl (Boc) protecting group and a fluorine substituent, makes it valuable in the design of drug candidates, particularly in the field of oncology and anti-inflammatory agents. The Boc group can be selectively removed under mild conditions, allowing for further functionalization of the indazole core. The fluorine atom enhances the metabolic stability and bioavailability of the resulting compounds, making it a useful building block in medicinal chemistry. Additionally, its carboxylic acid group provides a handle for conjugation or further chemical modifications, enabling the creation of diverse derivatives for drug discovery programs.