Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, thanks to its indole structure, which is a common motif in many drugs. Additionally, it finds application in organic chemistry as a building block for more complex heterocyclic compounds, aiding in the exploration of new chemical reactions and pathways. Its role in agrochemical research is also notable, where it contributes to the creation of novel pesticides and herbicides.