Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of drugs targeting neurological disorders, such as Parkinson's disease and depression, due to its structural similarity to indole alkaloids. Additionally, it is utilized in the creation of potential anti-cancer agents, as its framework can be modified to interact with specific cellular pathways. In agrochemical research, it serves as a building block for designing novel pesticides and herbicides, leveraging its heterocyclic structure to enhance efficacy and selectivity.