This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in drug discovery. Its structure, featuring a pyrazolo[3,4-b]pyridine core with halogen substitutions, makes it a valuable scaffold for developing compounds with potential therapeutic applications, such as kinase inhibitors or agents for treating neurological disorders. Researchers often explore its derivatives for their efficacy in modulating cellular pathways, making it a significant component in the development of novel drugs.