This compound is primarily utilized in biochemical research as a precursor or intermediate in the synthesis of more complex molecules, particularly those related to indole derivatives. It plays a role in the development of pharmaceuticals, especially in the study of compounds with potential therapeutic effects on the central nervous system. Additionally, it is used in organic synthesis to explore reactions involving indole rings, which are significant in the production of various bioactive compounds. Its applications also extend to the field of medicinal chemistry, where it aids in the design and optimization of drug candidates targeting specific biological pathways.