Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment and bioactive molecules targeting inflammation and neurodegenerative diseases. Its indazole core enables effective interactions with biomolecular targets, while the reactive iodine site facilitates selective modifications, including iodine transfer reactions for derivatives in medical imaging and radiolabeling for diagnostics. Also employed in agrochemical research for designing new pesticides with improved efficacy and environmental safety. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its stable aromatic structure.