Used primarily as a synthetic intermediate in pharmaceutical research, particularly in the development of kinase inhibitors and other biologically active compounds. It serves as a building block in the synthesis of potential anti-inflammatory, anticancer, and neuroprotective agents. Its halogenated structure allows for further functionalization through cross-coupling reactions, making it valuable in medicinal chemistry for structure-activity relationship studies. Also explored in the design of selective probes for enzyme targets due to its indazole core, which is known to interact with various biological receptors.