This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly in the synthesis of indole derivatives. These derivatives are often explored for their potential therapeutic properties, including anti-inflammatory, antimicrobial, and anticancer activities. Additionally, it is used in the preparation of complex molecules for drug discovery programs, where its unique structure aids in the creation of novel compounds with specific pharmacological effects. Its role in medicinal chemistry makes it valuable for designing and optimizing new drug candidates.