Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and bioactive molecules. Its indole structure makes it valuable in developing compounds with biological activity, particularly in the research of central nervous system agents. It is also employed in the synthesis of dyes and fluorescent probes due to its aromatic and electron-rich properties. In medicinal chemistry, derivatives based on this scaffold are explored for their potential as anti-inflammatory, antimicrobial, and anticancer agents. Additionally, it finds use in agrochemical research for developing new crop protection agents.