This chemical is primarily utilized in organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of indole-based molecules, which are often explored for their potential therapeutic properties. The presence of both chloro and iodo substituents on the indole ring allows for further functionalization through various cross-coupling reactions, making it a versatile building block in medicinal chemistry. Additionally, its tert-butyl carboxylate group provides stability and facilitates selective reactions, enabling the synthesis of complex structures with high precision. Its applications are particularly relevant in the research and development of drugs targeting neurological disorders, cancer, and infectious diseases.