Primarily used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in developing potential therapeutic agents targeting neurological disorders, thanks to its indole moiety, which is often associated with neuroactive properties. Additionally, it is explored in the creation of anti-inflammatory and analgesic drugs, leveraging its ability to modulate specific biochemical pathways. Researchers also investigate its role in designing compounds with potential anticancer activity, focusing on its capacity to interfere with cell proliferation mechanisms. Its applications extend to the development of novel agrochemicals, where it may contribute to the synthesis of compounds with herbicidal or fungicidal properties.