Used as a key intermediate in the synthesis of pharmaceuticals and bioactive compounds, particularly in the development of serotonin receptor agonists and hallucinogenic tryptamines. Its structure supports the construction of complex indole-based molecules, making it valuable in medicinal chemistry research. Commonly employed in the preparation of psychedelic analogs for neuropharmacological studies. Also utilized in organic synthesis to explore new pathways for functionalized indole derivatives with potential neurological activity.