Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. Its structure supports the creation of bioactive molecules with potential antidepressant and anxiolytic properties. Commonly employed in medicinal chemistry for modifying indole-based scaffolds to enhance drug potency and metabolic stability. Also utilized in research settings to design novel compounds targeting neurological disorders.