(1H-Indol-2-yl)methanol is primarily utilized in organic synthesis as a key intermediate for the preparation of various biologically active compounds. It is often employed in the development of pharmaceuticals, particularly in the synthesis of indole derivatives, which are known for their therapeutic properties. This compound is also used in the creation of agrochemicals, where it serves as a building block for the production of pesticides and herbicides. Additionally, it finds application in the field of material science, contributing to the synthesis of advanced materials with potential uses in electronics and photonics. Its role in research and development is significant, aiding in the exploration of new chemical entities with diverse applications.