This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure, featuring a pyrrole and pyridine moiety, makes it a valuable intermediate for designing molecules with potential biological activity. It is often explored in the development of anti-inflammatory, antimicrobial, or anticancer agents due to its ability to interact with specific biological targets. Additionally, its carboxylic acid group allows for further chemical modifications, enabling the creation of derivatives with enhanced pharmacological properties. Researchers also investigate its role in organic synthesis, where it serves as a building block for constructing more complex heterocyclic compounds.