This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting inflammation and pain management. Its structural framework is often incorporated into the development of nonsteroidal anti-inflammatory drugs (NSAIDs) due to its potential to inhibit cyclooxygenase enzymes, which play a role in inflammatory processes. Additionally, it is explored in the design of novel indole-based compounds for potential therapeutic applications in treating diseases like arthritis and other inflammatory conditions. Its carboxylic acid groups make it a versatile building block for further chemical modifications, enhancing its utility in drug discovery and development.