This chemical is primarily utilized in organic synthesis as a key intermediate in the production of various pharmaceutical compounds. It plays a significant role in the development of indole derivatives, which are widely studied for their potential therapeutic properties, including anti-inflammatory, anticancer, and antimicrobial activities. Additionally, it is employed in the synthesis of complex molecules for research purposes, particularly in the field of medicinal chemistry, where it aids in the creation of novel drug candidates. Its structural features make it a valuable building block for constructing heterocyclic compounds with diverse biological activities.