Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting neurological and psychiatric disorders. Its structure is valuable in the development of indole-based drugs, which are known for their therapeutic properties. Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. In research, it is utilized to study chemical reactions involving nitrogen-containing heterocycles, aiding in the advancement of organic chemistry methodologies. Its role in dye and pigment manufacturing is also notable, where it helps produce colorants for industrial applications.