This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of indole-based drugs. Its structure is valuable for creating molecules with potential therapeutic effects, such as anti-inflammatory, anticancer, and antimicrobial agents. Additionally, it serves as a key building block in organic chemistry research for constructing complex heterocyclic compounds. Its applications extend to the field of agrochemicals, where it contributes to the development of novel pesticides and herbicides. The compound’s versatility in chemical reactions makes it a useful tool in medicinal and industrial chemistry.