Used in organic synthesis as a building block for indole-based compounds, particularly in pharmaceuticals and natural product derivatives. Exhibits potential in the development of bioactive molecules due to the indole scaffold’s prevalence in medicinal chemistry. Also investigated for use in the preparation of fluorescent dyes and UV-absorbing materials owing to its conjugated structure. Shows antimicrobial and antiproliferative activity in some research contexts, making it a candidate for drug discovery efforts.