This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its structure is particularly valuable in the development of indole-based drugs, which are known for their diverse biological activities. Researchers often employ it in the synthesis of potential therapeutic agents targeting conditions such as inflammation, cancer, and neurological disorders. Additionally, it is used in the study of biochemical pathways and receptor interactions due to its ability to mimic natural indole derivatives. Its role in medicinal chemistry highlights its importance in advancing drug discovery and development efforts.