Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in pharmaceutical research. It is valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to construct indole derivatives. These derivatives are often explored for their potential biological activities, such as anticancer, anti-inflammatory, or antimicrobial properties. Additionally, it serves as a building block in the development of drug candidates targeting various diseases, leveraging the indole scaffold's versatility in medicinal chemistry.