Used in pharmaceutical research as a key intermediate for synthesizing biologically active compounds, particularly in the development of kinase inhibitors and anti-cancer agents. Shows potential in studies related to serotonin receptor modulation due to structural similarity with indole derivatives. Also employed in the design of fluorescent probes for cellular imaging, leveraging its conjugated system for optical detection. Investigated for anti-inflammatory and antimicrobial properties in preclinical screening. Commonly utilized in structure-activity relationship (SAR) studies to optimize drug candidates targeting neurological disorders and tumor growth.