Used primarily as a key intermediate in the synthesis of pharmaceuticals, especially in the development of indole-based drug compounds. Its structure allows for functionalization at multiple sites, making it valuable in creating derivatives with potential biological activity. Commonly employed in research settings for the preparation of serotonin receptor modulators and other neuroactive agents. Also utilized in agrochemical research for designing new active ingredients due to its stable heterocyclic core. The compound’s ester groups facilitate further chemical modifications, enabling efficient route development in medicinal chemistry.