This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its structural features make it particularly valuable in the development of compounds targeting specific biological pathways, such as those involved in inflammation or neurological disorders. Researchers often employ it to create analogs that can interact with receptors or enzymes, aiding in the discovery of new therapeutic agents. Additionally, its unique indole core and functional groups allow for further chemical modifications, enabling the exploration of diverse drug candidates with potential applications in treating complex diseases.