Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, particularly those targeting neurological and psychiatric disorders. It is also employed in the development of agrochemicals, contributing to the creation of pesticides and herbicides. Additionally, it finds application in organic research for the synthesis of complex indole derivatives, which are valuable in studying biological processes and drug discovery. Its role in the fragrance industry is notable, where it is utilized to produce aromatic compounds for perfumes and flavoring agents.