Used in pharmaceutical research, this compound plays a role in the synthesis of various bioactive molecules. It is particularly valuable in the development of potential therapeutic agents due to its indolinone core, which is a common structural motif in many drugs. Researchers utilize it to explore treatments for conditions such as cancer, inflammation, and neurological disorders. Additionally, it serves as a key intermediate in organic synthesis, aiding in the creation of complex chemical structures for further study and application in medicinal chemistry.