Used primarily as a key intermediate in the synthesis of bioactive compounds, particularly in pharmaceutical research. It serves as a building block for developing kinase inhibitors and other therapeutic agents targeting inflammation, cancer, and neurological disorders. Its bromo and carboxylic acid functional groups allow for easy modification through cross-coupling reactions and amide formation, making it valuable in medicinal chemistry for structure-activity relationship studies. Also employed in the development of novel indazole-based derivatives with potential antiviral and analgesic properties.