Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds, particularly in the development of indole-based drug candidates. Its bromo and benzyloxy functional groups allow for further transformations via cross-coupling reactions and deprotection strategies, making it valuable in medicinal chemistry research. Commonly employed in the preparation of serotonin receptor ligands and kinase inhibitors. Also utilized in the synthesis of fluorescent probes and imaging agents due to the indole core’s favorable photophysical properties.