This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its indole structure makes it valuable for developing compounds with potential therapeutic properties, particularly in the synthesis of drugs targeting neurological and inflammatory disorders. Additionally, it is employed in the creation of agrochemicals, contributing to the development of pesticides and herbicides. Its carboxylic acid group allows for further functionalization, enabling the synthesis of more complex chemical entities. Researchers also explore its use in material science, particularly in the design of organic electronic materials due to its conjugated system.