Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of serotonin receptor modulators and tryptamine-derived compounds. It plays an important role in the development of drugs targeting neurological and psychiatric disorders, including antidepressants and anti-anxiety medications. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building complex indole-based molecules. Also utilized in research settings for the design of novel bioactive compounds and in the preparation of analogs for structure-activity relationship studies.