Used in organic synthesis to create complex molecules, particularly in the development of pharmaceuticals and bioactive compounds. It serves as a key intermediate in the production of indole-based drugs, which are often explored for their potential in treating neurological disorders and cancer. Additionally, it is utilized in research to study the structure-activity relationships of indole derivatives, aiding in the discovery of new therapeutic agents. Its unique structure also makes it valuable in the synthesis of natural product analogs and agrochemicals.