It is primarily used in organic synthesis as a versatile intermediate for the preparation of various heterocyclic compounds. Its structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of potential therapeutic agents with antimicrobial, anticancer, and anti-inflammatory properties. Additionally, it serves as a key building block in the creation of indole-based derivatives, which are widely studied for their biological activities. It is also employed in research to develop novel chemical probes and inhibitors for studying enzyme mechanisms and biological pathways.