This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structural features, including the indole and phenyl groups, make it a valuable building block for developing compounds with potential serotonin receptor modulation properties. Researchers often employ it in the design and optimization of drugs aimed at treating conditions such as depression, anxiety, and migraines. Additionally, its chiral nature allows for the exploration of stereospecific interactions in drug development, enhancing the efficacy and selectivity of therapeutic agents.