This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of indole-based drugs. Its structure serves as a key intermediate in the production of molecules with potential therapeutic properties, such as anti-inflammatory, anticancer, and antimicrobial agents. Additionally, it is employed in organic chemistry research for the construction of complex heterocyclic frameworks, which are essential in drug discovery and development processes. Its versatile nature makes it a valuable component in the preparation of biologically active compounds.