Used in research as a fluorescent probe due to its strong emission properties in organic solvents. Shows potential in bioimaging applications, particularly for detecting lipid-rich environments in cellular membranes. Also investigated for its antioxidant activity owing to the phenolic structure, which can scavenge free radicals. Exhibits moderate antifungal and antibacterial properties in preliminary studies, making it a candidate for development in antimicrobial coatings. Additionally, its indole-based framework allows for use in synthesizing more complex heterocyclic compounds in medicinal chemistry.