Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Shows potential in the development of kinase inhibitors and anticancer agents due to its structural similarity to signaling molecules. Employed in research focused on central nervous system disorders for its modulatory effects on neural pathways. Also utilized in the design of fluorescent probes and dyes owing to its indole-based scaffold, which supports light absorption and emission properties. Investigated for agrochemical applications, particularly in the creation of plant growth regulators.