This compound is primarily utilized in organic synthesis and pharmaceutical research due to its unique indole structure, which is a common motif in many biologically active molecules. It serves as a key intermediate in the development of various therapeutic agents, particularly in the synthesis of compounds targeting neurological disorders and cancer. Its bromine substituent makes it a versatile building block for further functionalization through cross-coupling reactions, enabling the creation of complex molecules. Additionally, it has been explored in the study of fluorescent probes and materials science, where its aromatic properties contribute to the development of organic electronic devices.