This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and biologically active compounds. Its structure, which includes a carbazole core, makes it valuable for developing compounds with potential therapeutic applications, particularly in the areas of cancer research and neurological disorders. Researchers often modify this compound to create derivatives that can interact with specific biological targets, such as enzymes or receptors, to study their effects or develop new drugs. Additionally, it is employed in the synthesis of organic materials, including dyes and pigments, due to its ability to form stable and complex structures. Its versatility and reactivity make it a valuable tool in both medicinal chemistry and material science.