Used in pharmaceutical research as a key intermediate for synthesizing biologically active compounds, particularly in the development of kinase inhibitors. Shows potential in studies related to anticancer agents due to its structural similarity to natural indole alkaloids and ability to interact with cellular signaling pathways. Also employed in the design of fluorescent probes for biochemical assays, leveraging its conjugated system for detectable light emission. Investigated for anti-inflammatory and neuroprotective properties in preclinical models.