This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its structure is valuable in the creation of compounds that target specific enzymes or receptors, making it useful in the design of potential drugs for treating neurological disorders, cancers, and inflammatory diseases. Additionally, its unique pyrrolopyridine core is often explored in medicinal chemistry for optimizing drug-like properties, such as bioavailability and metabolic stability. Researchers also investigate its derivatives for their potential as kinase inhibitors, which play a critical role in regulating cellular processes.