Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of selective kinase inhibitors and anti-inflammatory compounds. Its structure supports functionalization at multiple sites, making it valuable in medicinal chemistry for constructing complex heterocyclic systems. Commonly employed in research settings to design drugs targeting neurological disorders and certain cancers due to its ability to cross the blood-brain barrier and interact with central nervous system receptors. Also utilized in the preparation of fluorinated indole derivatives, which show enhanced metabolic stability and bioavailability in drug candidates.