Used as an intermediate in organic synthesis, particularly in the development of pharmaceutical compounds targeting kinase inhibition. It serves as a building block in the preparation of bioactive molecules with potential applications in cancer research due to its structural similarity to indazole-based kinase inhibitors. The compound's alkyne functionality allows for further modification via click chemistry, enabling rapid diversification for structure-activity relationship studies. Its protected form with tetrahydropyranyl group enhances stability and solubility during synthetic processes, making it valuable in medicinal chemistry workflows.