Used primarily as an intermediate in organic synthesis, especially in pharmaceutical and agrochemical manufacturing. It serves as a building block in the formation of complex nitrogen-containing compounds due to its structural similarity to indole derivatives. Commonly employed in palladium-catalyzed coupling reactions to construct carbon-carbon and carbon-nitrogen bonds. Also utilized in research settings for developing bioactive molecules, including potential drug candidates targeting neurological and inflammatory pathways. Its methyl ether functionality enhances stability and influences reactivity in heterocyclic transformations.