Used in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules targeting neurological disorders and cancer. Shows potential in modulating enzyme activity related to serotonin receptors due to the indole moiety. Also investigated for anti-inflammatory properties in preclinical studies. Employed in structure-activity relationship (SAR) studies to develop more effective triazole-based therapeutic agents. Its ester group allows for easy modification, making it valuable in medicinal chemistry for creating derivative compounds with improved pharmacokinetic profiles.