Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting neurological and psychiatric disorders. Its indole structure makes it valuable for developing serotonin receptor modulators, which are crucial in treating conditions like depression and anxiety. Additionally, it is employed in the synthesis of bioactive molecules for research purposes, aiding in the exploration of new therapeutic agents. Its bromine substituent enhances its reactivity, making it a versatile building block in medicinal chemistry.