This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of biologically active molecules, especially those targeting neurological and oncological disorders. Its pyrrolopyridine core structure is valuable for designing inhibitors of specific enzymes or receptors, making it a crucial component in medicinal chemistry. Additionally, it is employed in the development of small-molecule therapies due to its ability to modulate protein-protein interactions. Its ester group also allows for further chemical modifications, enhancing its versatility in drug design processes.