Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of serotonin receptor modulators and other neuroactive agents. Its structural features make it valuable in medicinal chemistry for constructing indole-based scaffolds, which are common in drugs targeting central nervous system disorders. It is also employed in research settings to design and optimize new bioactive molecules, especially in the field of psychotropic and anti-inflammatory drug discovery. The compound's bromo and ester functionalities allow for further chemical modifications, enabling diverse derivatization for structure-activity relationship studies.