This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various biologically active compounds. Its structure is particularly valuable in the development of pharmaceuticals, especially those targeting neurological and psychiatric disorders. Researchers often employ it in the synthesis of indole derivatives, which are known for their potential therapeutic properties, including anti-inflammatory, antimicrobial, and anticancer activities. Additionally, it is used in the study of chemical reactions involving indole compounds, aiding in the exploration of novel drug candidates and the optimization of synthetic pathways. Its role in medicinal chemistry highlights its importance in advancing drug discovery and development.