Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of potential therapeutic agents, particularly in the study of indole-based molecules that exhibit antimicrobial, anti-inflammatory, or anticancer properties. Additionally, it is utilized in organic chemistry for the preparation of complex heterocyclic structures, which are valuable in drug discovery and material science. Its unique structure allows for further functionalization, making it a versatile building block in medicinal chemistry.