This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the production of various indole derivatives, which are crucial for developing compounds with potential therapeutic applications. Its structure is often exploited in the synthesis of molecules that exhibit biological activity, such as anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is used in the study of indole-based alkaloids, which are significant in medicinal chemistry for their diverse pharmacological effects. Researchers also employ it in the development of novel drug candidates and in the exploration of structure-activity relationships to optimize drug efficacy and safety.