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 functionalization at the bromine site, enabling the formation of C-C and C-N bonds. Commonly employed in the preparation of bioactive molecules targeting inflammation, neurodegenerative diseases, and metabolic disorders. Its indazole core contributes to enhanced binding affinity with biological targets, making it valuable in drug discovery and development.