Used as a key intermediate in the synthesis of pharmaceuticals and biologically active compounds, particularly in the development of indole-based drug candidates. Its functional groups enable selective reactions for constructing complex heterocyclic systems. Commonly employed in research for creating kinase inhibitors and serotonin receptor modulators. Also utilized in agrochemical research for designing novel pesticides with targeted activity. The compound's structure supports derivatization for structure-activity relationship (SAR) studies in medicinal chemistry.