Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its indole structure makes it valuable for developing compounds with potential biological activity, such as anti-inflammatory, antimicrobial, or anticancer agents. Additionally, it is utilized in research settings to study the effects of chemical modifications on indole derivatives, aiding in the discovery of new therapeutic molecules. Its application also extends to the development of dyes and pigments due to its aromatic properties.