This chemical is primarily utilized in organic synthesis as a versatile intermediate for the preparation of more complex indole derivatives. It plays a significant role in pharmaceutical research, particularly in the development of compounds with potential biological activity, such as anti-inflammatory, anticancer, or antimicrobial agents. Its structure allows for further functionalization, making it valuable in the design and synthesis of novel drug candidates. Additionally, it is used in academic and industrial laboratories for studying indole chemistry and exploring new synthetic pathways.