Used primarily in pharmaceutical and organic synthesis research, this compound serves as a key intermediate in the development of bioactive molecules. Its structure supports the creation of indole-based derivatives, which are prevalent in medicinal chemistry, especially in the design of drugs targeting neurological and inflammatory conditions. It is also employed in the study of enzyme inhibitors and receptor modulators due to its ability to interact with biological systems through hydrogen bonding and aromatic interactions. Additionally, it finds use in the synthesis of fluorescent probes and dyes, leveraging the inherent electronic properties of the indole core for applications in imaging and analytical chemistry.