Used primarily in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Its structure supports the development of indole-based derivatives, which are significant in medicinal chemistry due to their biological activity. Commonly employed in the creation of serotonin receptor ligands and other neuroactive agents. Also utilized in research settings for the design of novel small molecules with potential antidepressant or antipsychotic effects. Serves as a building block in the synthesis of more complex indole-containing systems for drug discovery and biochemical studies.