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 indole-based scaffolds. Also employed in the study of enzyme inhibition, particularly in monoamine oxidase (MAO) research. Its derivatives are explored for antimicrobial and anti-inflammatory properties. Applied in material science for designing novel heterocyclic compounds with optoelectronic properties.