Primarily used in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in creating compounds with potential therapeutic effects, such as anti-inflammatory, antimicrobial, or anticancer agents. Additionally, it is utilized in the development of agrochemicals, contributing to the creation of pesticides or herbicides. Its unique indole core makes it a versatile building block in organic synthesis, often employed in the construction of complex heterocyclic compounds. Researchers also explore its applications in material science, particularly in the design of advanced organic materials with specific electronic or photophysical properties.