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 structure is particularly valuable in the development of compounds targeting central nervous system disorders, such as depression and anxiety. Researchers leverage its carbazole core to design and optimize molecules that interact with specific neurotransmitter receptors, enhancing their therapeutic potential. Additionally, it is explored in the synthesis of anticancer agents due to its ability to modulate cellular pathways involved in tumor growth and apoptosis. Its versatility in drug development makes it a significant component in the search for novel treatments across multiple therapeutic areas.