This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex indole derivatives. These derivatives are often explored for their potential pharmacological activities, making the compound valuable in drug discovery and development processes. Additionally, it can be employed in the synthesis of agrochemicals, contributing to the creation of new pesticides or herbicides. Its structural properties make it a versatile building block for researchers aiming to develop novel compounds with specific biological or chemical functionalities.