Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of serotonin receptor modulators and other central nervous system agents. Its structure supports the construction of complex indole-based molecules found in bioactive compounds. Commonly employed in research settings for the preparation of tryptamine and tryptophan derivatives. Also utilized in the creation of fluorescent probes and dyes due to the electron-withdrawing nitrile and electron-donating methoxy groups enhancing photophysical properties. Plays a role in the development of agrochemicals and functional materials requiring specific aromatic and heterocyclic frameworks.