Used in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a precursor in the development of compounds with potential biological activities, such as anti-inflammatory, antimicrobial, and anticancer agents. Additionally, it is employed in the synthesis of indole-based dyes and pigments, which are utilized in the textile and printing industries. Its role in the creation of complex organic molecules makes it valuable in research and industrial applications.