Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various carbazole derivatives. It is particularly valuable in the development of organic semiconductors and optoelectronic materials, where its structure contributes to the creation of efficient light-emitting diodes (LEDs) and photovoltaic cells. Additionally, it finds application in the synthesis of dyes and pigments, enhancing their stability and performance. Its role in the preparation of pharmaceutical compounds is also notable, where it aids in the development of drugs with specific biological activities.