This compound is primarily utilized in biochemical research, particularly in the study of enzyme mechanisms and receptor interactions. It serves as a key intermediate in the synthesis of more complex molecules, especially those targeting neurological pathways. Its structural similarity to tryptophan makes it valuable for investigating serotonin-related processes, including receptor binding and signal transduction. Additionally, it is employed in the development of potential therapeutic agents for disorders such as depression, anxiety, and other mood-related conditions. Its bromo-indole moiety also makes it useful in fluorescence studies and as a probe in cellular imaging applications.