Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in the production of indole-based molecules, which are known for their therapeutic potential in treating conditions like depression, anxiety, and Parkinson's disease. Additionally, it is utilized in organic chemistry research for creating complex heterocyclic structures, contributing to advancements in medicinal chemistry and drug discovery. Its applications also extend to the development of agrochemicals, where it aids in the creation of compounds with potential pest control properties.