Used primarily in pharmaceutical research as an intermediate in the synthesis of bioactive compounds. Shows potential in the development of antimicrobial and anti-inflammatory agents due to its structural similarity to natural indole derivatives. Also employed in the study of enzyme inhibitors, particularly in neurological and metabolic pathways. Its derivatives are explored for antitumor activity, making it valuable in early-stage drug discovery. Additionally, applied in organic synthesis for constructing complex heterocyclic systems.