This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of various indole-based molecules, which are known for their biological activities. The compound is often employed in the synthesis of potential drug candidates targeting neurological and psychiatric disorders, as indole derivatives are frequently explored for their interactions with neurotransmitter systems. Additionally, it is used in research settings to study and modify the structure of indole compounds, enhancing their efficacy and selectivity for specific biological targets. Its role in medicinal chemistry underscores its importance in advancing therapeutic innovations.