This chemical is primarily utilized in the field of organic synthesis, particularly in the development of biologically active compounds. It serves as a key intermediate in the production of various indole derivatives, which are known for their significant pharmacological properties. These derivatives are often explored for their potential applications in medicinal chemistry, including the development of drugs targeting neurological disorders, cancer, and microbial infections. Additionally, it is used in research settings to study the structure-activity relationships of indole-based molecules, aiding in the discovery of new therapeutic agents. Its role in synthesizing complex organic molecules also extends to agrochemical research, where it contributes to the creation of novel pesticides and herbicides.