Used in the synthesis of pharmaceutical intermediates, particularly in the development of serotonin receptor modulators. It serves as a building block in creating compounds with potential neurological and psychiatric applications, including antidepressants and anti-anxiety agents. Also explored in the design of kinase inhibitors for cancer research due to its structural similarity to bioactive indole derivatives. Its lipophilic isopropyl group enhances membrane permeability, improving cellular uptake in drug candidates.