This chemical is primarily utilized in organic synthesis as a key intermediate for the development of various biologically active compounds. It plays a significant role in the synthesis of indole derivatives, which are important in the pharmaceutical industry for creating potential drug candidates. Its structure is particularly valuable in the design of molecules that exhibit antimicrobial, anti-inflammatory, or anticancer properties. Additionally, it is used in research settings to explore novel chemical reactions and pathways involving indole scaffolds, contributing to advancements in medicinal chemistry and drug discovery.