Used primarily in pharmaceutical research as an intermediate in the synthesis of bioactive compounds. It serves as a building block in the development of kinase inhibitors, which are important in cancer therapy and inflammatory disease treatment. Its bromo and indazole functionalities allow for further chemical modifications, making it valuable in medicinal chemistry for structure-activity relationship studies. Also utilized in the creation of novel psychoactive substances, leading to regulatory scrutiny in some regions. Commonly found in research settings for developing compounds with potential neurological effects.