Used in the synthesis of pharmaceutical intermediates, particularly in the development of serotonin receptor modulators. Commonly employed in research settings for creating analogs of tryptamine-based compounds, which show potential in neurological and psychiatric drug discovery. Also utilized in the preparation of fluorescent probes due to its indole backbone, which can be modified for specific detection in biochemical assays. Its fluorinated and methoxy-substituted structure enhances binding selectivity and metabolic stability in target molecules.