Used as a key intermediate in the synthesis of various biologically active compounds, particularly in the development of pharmaceuticals. It plays a crucial role in the production of indole-based drugs, which are often utilized in treating neurological disorders, infections, and certain types of cancer. Additionally, it serves as a building block in organic synthesis for creating complex molecules with potential therapeutic properties. Its application extends to research and development in medicinal chemistry, where it aids in the discovery of new drug candidates.