Used primarily in pharmaceutical research as an intermediate in the synthesis of biologically active compounds. It serves as a building block for developing kinase inhibitors, which are important in cancer therapy. Also investigated for its potential anti-inflammatory and neuroprotective properties. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its indazole core, which is known to enhance binding affinity to various enzyme targets.

Note: This compound is not a pharmaceutical drug and should not be used in humans without proper clinical studies and regulatory approval.