Used in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules, particularly in the development of kinase inhibitors and anticancer agents. Shows potential in studies related to cell signaling modulation due to its structural similarity to indole-based natural products. Also explored in the design of neuroprotective compounds and serotonin receptor ligands. Its derivatives are investigated for anti-inflammatory and antiviral properties, making it valuable in medicinal chemistry for lead compound optimization.