This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. It is particularly valuable in the synthesis of indole derivatives, which are important in the production of pharmaceuticals, agrochemicals, and dyes. Its indole core structure makes it a versatile building block for creating compounds with potential biological activity, such as anti-inflammatory, antiviral, or anticancer agents. Additionally, it is used in research settings to study the properties and reactivity of indole-based molecules, aiding in the discovery of new materials or therapeutic agents.