This compound is primarily utilized in pharmaceutical research and development as an intermediate in the synthesis of more complex molecules. Its structure is particularly valuable in the creation of compounds that target specific biological pathways, such as those involved in neurological disorders or cancer. Researchers often employ it to build pyrrolopyridine-based scaffolds, which are known for their bioactivity and potential therapeutic applications. Additionally, it can be used in medicinal chemistry to explore structure-activity relationships (SAR) for optimizing drug candidates. Its stability and reactivity make it a versatile building block in organic synthesis, especially in the development of novel drugs with enhanced efficacy and reduced side effects.