This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into molecules designed to interact with specific receptors in the brain, making it valuable for creating potential treatments for conditions like depression, anxiety, and schizophrenia. Additionally, it is used in organic chemistry studies to explore novel indole derivatives, which can lead to the discovery of new therapeutic agents or chemical tools for biological research.