This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting inflammation and pain management. Its indole core structure makes it a valuable building block for developing compounds with potential therapeutic effects, such as nonsteroidal anti-inflammatory drugs (NSAIDs) or other agents that modulate specific biochemical pathways. Researchers also explore its derivatives for their potential in treating conditions like arthritis or other inflammatory disorders due to its structural similarity to other known anti-inflammatory agents.