This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. It is particularly significant in the pharmaceutical industry, where it serves as a building block for the synthesis of various biologically active molecules. Its carbazole core is a valuable scaffold in medicinal chemistry, often employed in the design of compounds with potential therapeutic applications, such as anticancer, anti-inflammatory, and neuroprotective agents. Additionally, its methoxy group enhances its reactivity, making it a versatile precursor in the creation of novel drug candidates and other fine chemicals.