Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form stable heterocyclic structures that interact with biological targets. Commonly employed in the preparation of active pharmaceutical ingredients (APIs) where the indazole core enhances binding affinity and selectivity toward specific enzymes and receptors. Also utilized in research settings for the design of new bioactive molecules and in high-throughput screening assays to identify potential drug candidates.