This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its structure, featuring a pyrazolopyridine core, makes it valuable for designing compounds with potential therapeutic applications, particularly in the fields of oncology and neurology. It is often employed in the creation of small molecule inhibitors targeting specific enzymes or receptors involved in disease pathways. Additionally, its bromo and ester functional groups allow for further chemical modifications, enabling the development of diverse derivatives for drug discovery and optimization. Researchers also explore its use in the preparation of fluorescent probes or imaging agents due to its heterocyclic framework.