This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and inflammatory disorders. Its trifluoromethyl group enhances the metabolic stability and bioavailability of the resulting compounds, making it valuable in drug design. Additionally, it is employed in the creation of agrochemicals, where it contributes to the development of herbicides and pesticides with improved efficacy. The indole core structure also makes it a candidate for studies in organic synthesis, particularly in the development of novel heterocyclic compounds.