This compound is primarily utilized in organic synthesis and pharmaceutical research due to its structural framework, which is common in bioactive molecules. It serves as a key intermediate in the development of various indole-based compounds, which are known for their potential therapeutic properties. Researchers explore its applications in synthesizing analogs that may exhibit anti-inflammatory, antimicrobial, or anticancer activities. Additionally, its indole core makes it valuable in the study of serotonin receptor modulators, contributing to advancements in neurological and psychiatric drug development. The compound’s versatility also extends to agrochemical research, where it is investigated for its potential use in creating novel pesticides or plant growth regulators.