Used as a key intermediate in the synthesis of bioactive compounds, particularly in pharmaceutical research targeting anticancer and antimicrobial agents. Its structure supports the development of indole-based derivatives known for inhibiting specific enzyme pathways in tumor cells. Also employed in the design of novel hydrazide-hydrazone compounds with observed activity against resistant microbial strains. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its ability to form stable complexes with metal ions, enhancing pharmacological potential.