Used primarily in biochemical research, this compound serves as an intermediate in the synthesis of more complex molecules. It is particularly valuable in the development of indole derivatives, which are studied for their potential pharmacological properties. Researchers utilize it to explore its role in modulating enzyme activity, especially in pathways related to inflammation and cancer. Additionally, it is investigated for its potential as a precursor in the creation of novel therapeutic agents targeting specific biological processes. Its structure makes it a candidate for designing inhibitors or activators of key cellular mechanisms.