Indazole is a nitrogen-containing bicyclic compound, having three tautomeric forms: 1H-indazole, 2H-indazole, and 3H-indazole. Mostly, they are considered as 1H-indazole tautomeric form, although it has the potentiality to tautomerism to 2H- and 3H-indazole forms. Indazole is involved in a wide variety of biological and enzymatic processes, therefore they exhibit a series of pharmacological activities. Indazole shows potent activity against neurological disorders such as Parkinson's disease (PD), Alzheimer's disease (AD), mood disorders, etc., by inhibiting different signalling pathways, generation of neurotransmitters and activation of enzyme activity. They effectively prevent neurological diseases by different mechanisms such as by inhibiting the monoamine oxidase (MAO) and kinase enzymes like Glycogen synthase kinase 3 (GSK3), and leucine-rich repeat kinase enzyme 2 (LRRK2). In this article, we have discussed multiple causative strategies of indazole to treat neurological diseases. This has aroused special attention in the discovery of the novel indazoles and their biological activities.