Used primarily as a synthetic intermediate in organic chemistry, this compound plays a role in the development of pharmaceuticals and biologically active molecules. Its structure supports the formation of nitrogen-containing heterocycles, which are common in drug design. It has been utilized in research related to kinase inhibitors and cannabinoid receptor modulators. The bromine functionality allows for further derivatization through cross-coupling reactions, making it valuable in medicinal chemistry for building complex molecules. It is also employed in the synthesis of novel psychoactive substances, particularly in the creation of indazole-based cannabinoid agonists, which are studied for their neurological effects. Due to its reactivity and structural features, it is suited for use in structure-activity relationship (SAR) studies.