Used in organic synthesis as an intermediate for pharmaceuticals and agrochemicals. Serves as a building block in the development of bioactive molecules, particularly in the design of serotonin receptor modulators. Commonly employed in research for synthesizing indole-based compounds with potential antitumor, anti-inflammatory, and antimicrobial activities. Also utilized in materials science for constructing conjugated systems in organic electronics due to its aromatic stability and electron-rich structure.