This chemical is primarily used in organic synthesis and pharmaceutical research as a key intermediate. It is often employed in the development of biologically active compounds, particularly in the synthesis of drug candidates targeting various therapeutic areas. Its structure makes it valuable for constructing complex molecules, especially those involving pyrrolopyridine scaffolds, which are significant in medicinal chemistry. Additionally, it can serve as a protecting group for amines during multi-step synthetic processes, ensuring selective reactions and enhancing the efficiency of chemical transformations. Its applications extend to the production of potential drugs for neurological disorders, cancer, and other diseases due to its ability to modulate biological pathways.