This chemical is primarily utilized in organic synthesis, particularly in the development of complex indole derivatives. It serves as a key intermediate in the production of pharmaceuticals, where indole structures are often integral to bioactive compounds. Its bromoethyl group allows for further functionalization, making it valuable in the creation of molecules with potential therapeutic applications, such as anticancer, antiviral, or anti-inflammatory agents. Additionally, it is employed in research settings to study the reactivity and properties of indole-based compounds, contributing to advancements in medicinal chemistry and drug discovery.