Widely used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of serotonin receptor modulators and other central nervous system agents. Its structure supports the construction of complex indole-based molecules, making it valuable in medicinal chemistry for designing drugs targeting neurological and psychiatric disorders. Also employed in the preparation of bioactive compounds with potential anti-inflammatory, analgesic, and antidepressant activities. Commonly utilized in research settings for generating novel heterocyclic compounds through functional group modifications.