Used primarily in agricultural chemistry as a plant growth regulator, this compound helps control stem elongation and improve crop resilience under stress conditions. It is especially effective in rice and wheat cultivation, where it enhances root development and increases resistance to lodging. Due to its structural similarity to certain hormone inhibitors, it also serves as an intermediate in the synthesis of bioactive molecules for research in plant physiology. Its lipophilic nature allows for efficient foliar absorption, making it suitable for use in spray formulations. Additionally, it has shown utility in laboratory settings for studying indazole-based signaling pathways in plants.