Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Its structure supports the development of central nervous system agents due to the indole backbone, which is common in neuroactive molecules. Employed in the preparation of kinase inhibitors and receptor modulators in medicinal chemistry research. Also utilized in the synthesis of fluorescent probes and dyes, benefiting from its aromatic and heterocyclic properties. Common in academic and industrial settings for drug discovery and development.