This compound is primarily utilized in the field of organic synthesis, particularly in the development of novel indole derivatives. Its structure serves as a key intermediate in the synthesis of more complex molecules, which are often explored for their potential pharmacological activities. Researchers focus on its application in creating compounds with possible anti-inflammatory, anticancer, or antimicrobial properties. Additionally, it is employed in the study of structure-activity relationships (SAR) to optimize the biological efficacy of indole-based drugs. Its role in medicinal chemistry underscores its importance in the discovery and development of new therapeutic agents.