This compound is primarily utilized in the field of organic synthesis, particularly as a key intermediate in the production of various pharmaceutical agents. Its indole structure makes it valuable for developing compounds with potential biological activity, such as anti-inflammatory, antimicrobial, or anticancer properties. Researchers often employ it in the synthesis of complex molecules for drug discovery and development. Additionally, it can be used in the study of biochemical pathways and receptor interactions, aiding in the understanding of disease mechanisms and the design of targeted therapies. Its chloro and acetic acid functional groups also make it a versatile building block for further chemical modifications.