This compound is primarily utilized in organic synthesis as a key intermediate for the development of various pharmaceuticals and bioactive molecules. Its indole core structure makes it valuable in the synthesis of compounds with potential therapeutic properties, particularly in the fields of oncology and neurology. It is often employed in the preparation of indole-based derivatives that exhibit antimicrobial, anti-inflammatory, or antitumor activities. Additionally, it serves as a building block in the creation of complex heterocyclic compounds, which are essential in drug discovery and medicinal chemistry research. Its versatility also extends to agrochemical applications, where it is used in the synthesis of crop protection agents.