This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of indole-based compounds, which are known for their biological activities. Its structure, featuring a benzyloxy group and a phenylsulfonyl moiety, makes it valuable for designing molecules with potential therapeutic applications, particularly in targeting enzymes or receptors involved in disease pathways. Researchers often employ it in the synthesis of novel indole derivatives for drug discovery, especially in areas like anti-inflammatory, anticancer, or antimicrobial agent development. Additionally, its unique chemical framework allows for further functionalization, enabling the exploration of structure-activity relationships in medicinal chemistry.