This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of indazole derivatives. These derivatives are often explored for their potential therapeutic applications, such as enzyme inhibition or receptor modulation. The tetrahydro-2H-pyran-2-yl group in the structure enhances its stability and reactivity, making it suitable for further chemical modifications. Researchers also employ it in the design of drug candidates targeting specific diseases, including cancer and inflammatory disorders, due to its unique structural features.