Used primarily in the synthesis of cannabinoid receptor agonists, it serves as a key intermediate in the production of synthetic cannabinoids. These compounds are often researched for their potential effects on the central nervous system, though they are also associated with recreational drug use. Additionally, it finds application in organic chemistry research for the development of novel indole-based compounds with potential pharmacological activities. Its role in creating structurally diverse molecules makes it valuable in medicinal chemistry and drug discovery.