Used in organic synthesis as an intermediate for the preparation of indole-based pharmaceuticals and bioactive compounds. It serves as a protected form of indole, allowing selective functionalization at other positions during multi-step synthesis. Commonly employed in the development of serotonin receptor modulators, anti-inflammatory agents, and kinase inhibitors. Also utilized in agrochemical research for designing novel plant growth regulators. Its acetyl groups can be easily removed under mild conditions, enabling controlled deprotection in complex molecule assembly.