Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research. It serves as a building block for kinase inhibitors and other drug candidates targeting cancer and inflammatory diseases. The iodine substituent allows for further functionalization via cross-coupling reactions such as Suzuki or Heck couplings, enabling rapid diversification of molecular structures. Its indazole core is common in medicinal chemistry due to favorable pharmacokinetic properties and strong target binding. Commonly employed in the development of small molecule therapeutics where selective modulation of protein activity is required.