This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in the development of indole-based derivatives. It serves as a key intermediate in the production of pharmaceutical agents, where its structural framework is valuable for creating molecules with potential therapeutic properties. Additionally, it is employed in research settings to explore novel chemical reactions and pathways, aiding in the discovery of new bioactive compounds. Its unique structure also makes it suitable for use in material science, particularly in the design of advanced organic materials with specific electronic or optical properties.