This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure, featuring an indole moiety, makes it valuable for developing compounds that interact with serotonin receptors, which are crucial in treating conditions like depression, anxiety, and migraines. Additionally, it is employed in the preparation of peptidomimetics and other drug candidates, where the tert-butyl carbamate group acts as a protecting group for amines during synthetic processes. Its application extends to the development of novel therapeutic agents, contributing to advancements in drug discovery and development.