Used primarily in pharmaceutical research as an intermediate in the synthesis of bioactive compounds. Shows potential in the development of anticancer agents due to its structural similarity to indole-based kinase inhibitors. Also employed in the study of serotonin receptor modulators, given the indole core's prevalence in neuroactive molecules. Its chlorinated and diphenyl-substituted structure enhances binding selectivity in certain enzyme assays, making it valuable in medicinal chemistry for structure-activity relationship (SAR) studies. Additionally, utilized in materials science for designing organic semiconductors owing to extended π-conjugation and thermal stability.