Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research. It serves as a building block for kinase inhibitors and other drug candidates targeting cancer and inflammatory diseases. The bromo group allows for further functionalization via cross-coupling reactions such as Suzuki or Heck reactions, enabling rapid diversification in medicinal chemistry campaigns. Its indazole core is commonly found in compounds with potent cellular activity, making this derivative valuable in the development of new therapeutic agents.