This chemical is primarily utilized in the field of organic synthesis, particularly in the development of novel pharmaceutical compounds. Its structure, featuring both an indole moiety and an acrylic acid group, makes it a valuable intermediate for synthesizing bioactive molecules. It is often employed in the creation of potential therapeutic agents targeting neurological disorders, as the indole core is a common feature in many neuroactive compounds. Additionally, it is used in research to study its potential anti-inflammatory and antioxidant properties, which could lead to applications in treating chronic diseases. Its role in the synthesis of fluorescent probes also makes it useful in biochemical and cellular imaging studies.