Used in pharmaceutical research, this compound is primarily explored for its potential as a building block in the synthesis of novel drug candidates. Its structure is particularly valuable in developing molecules that interact with biological targets, such as enzymes or receptors, making it a key component in the design of therapeutic agents. Researchers are investigating its role in creating compounds for treating neurological disorders, given its pyrrolopyridine core, which is known to influence central nervous system activity. Additionally, it may serve as an intermediate in the production of small molecules for cancer therapy, where its functional groups can be modified to enhance efficacy and selectivity.