This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of indole-based drugs. It serves as a key intermediate in the production of molecules with potential therapeutic properties, such as anti-inflammatory, anti-cancer, or neuroprotective agents. Its structure allows for further modifications, enabling researchers to create derivatives with enhanced biological activity or specificity. Additionally, it is used in organic chemistry research to study indole derivatives and their interactions with biological targets, contributing to the advancement of medicinal chemistry and drug discovery.