Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Commonly employed in the development of serotonin receptor ligands due to its indole core structure. Serves as a building block in the preparation of psychotropic agents and neurochemical research tools. Also utilized in the synthesis of substituted indoles for potential anticancer and anti-inflammatory agents. Its bromo functional group allows for further cross-coupling reactions, making it valuable in medicinal chemistry and drug discovery.