This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its indole structure makes it valuable for creating analogs that interact with serotonin receptors, which are crucial in mood regulation and cognitive functions. Additionally, it is explored for its potential in designing anti-inflammatory and anticancer agents due to its ability to modulate specific enzymatic pathways. Researchers also investigate its derivatives for antimicrobial properties, aiming to combat resistant bacterial strains. Its versatility in chemical modifications allows for the creation of novel compounds with tailored therapeutic effects.