Used as a key intermediate in the synthesis of indole-based pharmaceutical compounds, particularly in the development of serotonin receptor modulators and neuroactive agents. Its structure supports the construction of complex heterocyclic systems found in central nervous system (CNS) drugs. Commonly employed in medicinal chemistry for analog generation due to its functional group compatibility, enabling selective modifications. Also utilized in research settings to explore new bioactive molecules targeting neurological disorders and mood-related conditions.