This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and bioactive compounds. Its indole structure makes it valuable in the development of drugs targeting neurological and psychiatric disorders, as indole derivatives are known to interact with serotonin receptors. Additionally, it is employed in the synthesis of agrochemicals, particularly in creating compounds that act as growth regulators or pest control agents. Its unique structure also finds application in material science, where it is used to develop organic semiconductors and light-emitting materials for electronic devices.