Used primarily in pharmaceutical research as an intermediate for synthesizing biologically active compounds. It serves as a building block in the development of kinase inhibitors, which are important in cancer therapy. The compound's indazole core contributes to binding with specific enzyme targets, making it valuable in drug discovery programs focused on inflammation, neurodegenerative diseases, and oncology. Its amine functionality allows for easy modification, enabling chemists to create diverse derivatives for structure-activity relationship studies.