Used in organic synthesis as a key intermediate for the production of various pharmaceuticals and bioactive compounds. It plays a role in the development of indole-based derivatives, which are explored for their potential therapeutic properties, including anti-inflammatory, anticancer, and antimicrobial activities. Additionally, it is utilized in the synthesis of complex molecules for research in medicinal chemistry and drug discovery. Its structure allows for further functionalization, making it valuable in designing novel compounds with specific biological targets.