Used in pharmaceutical synthesis as a key intermediate for developing bioactive compounds, particularly in the production of serotonin receptor modulators and kinase inhibitors. Its structure supports the creation of complex indole-based molecules with potential antitumor, antiviral, and anti-inflammatory properties. Commonly employed in research settings for drug discovery and development in neuroscience and oncology. Also utilized in the preparation of fluorescent probes and functional materials due to its electron-withdrawing cyano and bromo groups enabling further functionalization via cross-coupling reactions.