Used as an intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research targeting kinase inhibitors. Its structure allows for selective functionalization, making it valuable in developing drug candidates for cancer and inflammatory diseases. Commonly employed in cross-coupling reactions such as Suzuki-Miyaura or Buchwald-Hartwig aminations to build complex indazole derivatives. Also utilized in agrochemical research for designing novel pesticides with improved efficacy and selectivity.