Used in the synthesis of complex organic compounds, particularly in the development of pharmaceuticals. It serves as a key intermediate in the creation of drugs targeting neurological disorders due to its unique structure that can interact with specific receptors in the brain. Additionally, it is employed in the research of novel anti-inflammatory and anti-cancer agents, where its pyrrole and pyridine components play a crucial role in binding to biological targets. Its carboxylic acid group also makes it valuable for further functionalization in medicinal chemistry.