Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a protected indazole derivative, allowing selective functionalization at other positions of the heterocycle during multi-step organic syntheses. Commonly employed in medicinal chemistry for constructing biologically active molecules targeting inflammatory and neurological disorders. Also utilized in the preparation of agrochemicals and functional materials due to its stability and reactivity profile in cross-coupling reactions.