Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to undergo selective cross-coupling reactions, enabling the introduction of indazole-based scaffolds into bioactive molecules. Its amino and iodo functional groups allow for sequential derivatization, making it valuable in drug discovery programs targeting inflammatory diseases and neurological disorders. Also employed in the preparation of radiolabeled compounds for use in positron emission tomography (PET) imaging studies.