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 indole core with trifluoromethyl and ester functional groups makes it valuable in medicinal chemistry for enhancing metabolic stability and binding affinity. Commonly employed in research settings to construct complex heterocyclic systems for drug discovery, especially in antidepressants, antipsychotics, and anti-inflammatory compounds. Also utilized in agrochemical research for designing bioactive molecules with improved efficacy and environmental stability.