Used in organic synthesis as a building block for more complex molecules. It serves as an intermediate in the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic properties. Its pyrrole ring structure is valuable in creating heterocyclic compounds, which are often explored for their biological activity. Additionally, it can be utilized in the synthesis of agrochemicals, contributing to the development of new pesticides or herbicides. Its carboxylic acid group allows for further functionalization, making it versatile in chemical reactions.