This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure, featuring both a benzoic acid moiety and a pyrrole ring, makes it valuable for constructing heterocyclic compounds, which are often employed in pharmaceuticals and agrochemicals. Additionally, it can act as a ligand in coordination chemistry, facilitating the formation of metal complexes used in catalysis or material science. Its unique properties also make it a candidate for research in dye synthesis and as a potential building block for advanced polymers.