Used primarily as an intermediate in pharmaceutical synthesis, particularly in the development of kinase inhibitors and other biologically active compounds. Its halogenated structure makes it valuable in cross-coupling reactions, such as Suzuki or Heck reactions, enabling the construction of complex indazole derivatives with potential anti-cancer, anti-inflammatory, or neuroprotective activities. It is also employed in medicinal chemistry research to explore structure-activity relationships in drug candidates targeting various enzyme systems.