Used in organic synthesis as a key intermediate for the production of various pharmaceuticals and bioactive compounds. It plays a significant role in the development of indole-based drugs, which are known for their therapeutic properties, including anti-inflammatory, antiviral, and anticancer activities. Additionally, it serves as a building block in the synthesis of complex molecules for research in medicinal chemistry, aiding in the discovery of new drug candidates. Its structural features make it valuable for creating analogs and derivatives with potential biological activity.