Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of serotonin receptor modulators and other central nervous system agents. Its structure supports the construction of complex indole-based molecules found in bioactive compounds. Commonly employed in research settings for the preparation of tryptamine and tryptophan derivatives. Also utilized in the design of kinase inhibitors and anti-inflammatory agents due to its ability to interact with biological targets through hydrogen bonding and aromatic interactions.