This compound is primarily utilized in biochemical research, particularly in studies involving the synthesis and modification of peptides and proteins. Its unique structure, which includes an indole moiety, makes it valuable for investigating enzyme-substrate interactions and receptor binding studies. Additionally, it serves as a building block in the development of novel pharmaceutical compounds, especially those targeting neurological disorders due to its potential to interact with neurotransmitter systems. Researchers also explore its use in fluorescence labeling and imaging techniques, leveraging its bromine atom for further functionalization.