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 creation of bioactive molecules with potential applications in treating neurological and psychiatric disorders. Commonly employed in research settings for constructing indole-based compounds that exhibit biological activity, including anti-inflammatory and anticancer properties. Also utilized in medicinal chemistry for structure-activity relationship studies due to its substituted indole framework.