Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form substituted indazole derivatives, which are present in various biologically active molecules. Its carboxylic acid and bromo functional groups allow for further chemical modifications, enabling the creation of diverse compound libraries for drug discovery. Also employed in the preparation of agrochemicals and in research involving heterocyclic compounds with potential anti-inflammatory or antimicrobial properties.