This chemical is primarily utilized in organic synthesis as a versatile intermediate for the production of various biologically active compounds. It serves as a key building block in the synthesis of indole-based pharmaceuticals, particularly in the development of drugs targeting neurological and inflammatory disorders. Its formyl and carboxylic acid functional groups make it a valuable precursor for creating complex molecules through reactions like condensation, cyclization, and functional group transformations. Additionally, it is employed in the research and development of agrochemicals, where indole derivatives play a role in plant growth regulation and pest control. Its applications also extend to the field of material science, where it contributes to the synthesis of organic dyes and fluorescent probes.