This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its indole structure makes it valuable for developing potential therapeutic agents, including serotonin receptor modulators, which are crucial for treating conditions like depression, anxiety, and migraines. Additionally, it is explored in the development of novel drug candidates for neurodegenerative diseases due to its ability to interact with specific neural pathways. Researchers also investigate its potential in creating anti-inflammatory and analgesic medications, leveraging its unique chemical framework for enhanced efficacy and reduced side effects.