Used in organic synthesis, particularly in the production of pharmaceuticals and bioactive compounds. It serves as a key intermediate in the development of indole-based drugs, which are known for their therapeutic properties, including anti-inflammatory, antiviral, and anticancer activities. Additionally, it is utilized in the synthesis of complex molecules for research in medicinal chemistry, aiding in the discovery of new drug candidates. Its role in the preparation of heterocyclic compounds makes it valuable in the study of chemical reactions and material science.