This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and oncological disorders. Its indole structure makes it valuable for designing compounds that interact with serotonin receptors, which are crucial in treating depression, anxiety, and other mental health conditions. Additionally, it is explored in the synthesis of potential anticancer agents due to its ability to modulate cell signaling pathways. Researchers also leverage its bromo-substituted indole moiety to create novel drug candidates with enhanced binding affinity and specificity.