Used in pharmaceutical research as a key scaffold for developing bioactive compounds, particularly in the design of kinase inhibitors and antimicrobial agents. Shows potential in studies related to anti-inflammatory and anticancer activities due to its ability to interact with cellular signaling pathways. Also employed in agrochemical research for developing novel pesticides with improved efficacy and selectivity. Its structural similarity to natural indole alkaloids makes it valuable in synthesizing derivatives for drug discovery and biological screening.