This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of more complex indole derivatives. Its structure, featuring both a bromo and a carboxylate group, makes it a versatile building block in medicinal chemistry, particularly for the development of pharmaceuticals targeting neurological and oncological disorders. Additionally, it is employed in the synthesis of biologically active molecules, including potential drug candidates, due to its ability to undergo various chemical transformations such as cross-coupling reactions. Researchers also explore its use in the development of agrochemicals and dyes, leveraging its indole core for functional modifications.