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, enabling selective functionalization at other reactive sites during multi-step organic syntheses. Its nitro group allows for further transformations, such as reduction to an amine, facilitating the construction of more complex bioactive molecules. Commonly employed in medicinal chemistry research for optimizing drug candidates targeting inflammatory and oncological pathways.