Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research. It serves in the development of kinase inhibitors and other targeted therapies due to its ability to participate in palladium-catalyzed cross-coupling reactions. Its structure supports the construction of complex indazole-based molecules with potential antitumor, anti-inflammatory, and antimicrobial activities. Commonly employed in medicinal chemistry for scaffold modification and structure-activity relationship (SAR) studies.