Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly in the development of anticancer agents. It serves as a building block for compounds targeting tyrosine kinases and other signaling proteins involved in tumor growth and inflammation. Its indazole core enhances binding affinity to specific enzyme active sites, making it valuable in designing selective drugs. Also explored in the preparation of bioactive molecules for neurological disorders due to its ability to cross the blood-brain barrier in optimized derivatives.