Used in organic synthesis as an intermediate for pharmaceuticals and biologically active compounds. Particularly valuable in the development of serotonin receptor modulators and kinase inhibitors due to the indole scaffold. The bromo substituent allows for further functionalization via cross-coupling reactions such as Suzuki or Heck reactions, enabling the construction of complex molecules. Also explored in medicinal chemistry for the design of anti-inflammatory and anticancer agents. The hydroxymethyl group can be easily modified to esters, ethers, or aldehydes, increasing its utility in drug discovery research.