This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules. It is often employed in the preparation of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its unique structure makes it valuable for constructing indole-based frameworks, which are common in many biologically active substances. Additionally, it can be used in research settings to explore novel chemical reactions or to develop new materials with specific properties. Its applications are largely focused on advancing medicinal chemistry and material science.