This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of more complex molecules, particularly in pharmaceutical research. It serves as a building block for the development of indole-based compounds, which are often explored for their biological activities, including potential therapeutic applications. Its tert-butyl ester group provides stability and facilitates selective reactions, making it valuable in multi-step synthetic processes. Additionally, it is used in the study of enzyme inhibitors and receptor modulators, contributing to drug discovery efforts.