Used in organic synthesis as a key intermediate for the development of pharmaceuticals, particularly in the creation of compounds with potential therapeutic properties. It serves as a building block for the synthesis of indole-based molecules, which are often explored for their biological activities, including anti-inflammatory, anticancer, and antimicrobial effects. Additionally, it is utilized in the research and development of agrochemicals, contributing to the design of novel pesticides or herbicides. Its structure allows for further functionalization, making it valuable in medicinal chemistry and drug discovery processes.