This compound is primarily used in organic synthesis and pharmaceutical research. It serves as a key intermediate in the production of various biologically active molecules, particularly those targeting neurological and oncological disorders. Its indole core structure makes it valuable for developing compounds with potential therapeutic properties, such as serotonin receptor modulators or kinase inhibitors. Researchers also utilize it in the synthesis of agrochemicals, where its chemical framework contributes to the creation of pesticides or herbicides. Additionally, its reactivity allows for further functionalization, enabling the development of novel chemical entities for drug discovery and material science applications.