This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is particularly valuable in the development of compounds targeting neurological and psychiatric disorders, such as depression and anxiety, due to its indoline moiety, which is a common feature in many bioactive molecules. Additionally, it is explored in the creation of ligands for receptor studies, aiding in the understanding of biochemical pathways and drug-receptor interactions. Its application also extends to the development of potential anticancer agents, where its derivatives are investigated for their ability to inhibit specific enzymes or pathways involved in tumor growth.