Used in organic synthesis to create complex molecules, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of compounds with potential therapeutic properties, such as anti-inflammatory and anticancer agents. Its indole structure is valuable in designing drugs that interact with biological systems. Additionally, it is utilized in research to study enzyme inhibition and receptor binding mechanisms. In material science, it contributes to the synthesis of organic dyes and pigments due to its aromatic properties. Its versatility makes it a valuable component in both industrial and laboratory settings.