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. It is often employed in the synthesis of molecules that exhibit potential therapeutic effects, such as anti-inflammatory, anticancer, and antimicrobial properties. Additionally, its reactivity allows for further functionalization, making it a versatile building block in medicinal chemistry research.