This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of complex drug molecules. Its structure, featuring indole and benzyloxy groups, makes it valuable for developing compounds with potential therapeutic effects, particularly in targeting neurological disorders or cancer. The presence of fluorine enhances its biological activity and metabolic stability, making it a key component in the design of novel drugs. Researchers often employ it in medicinal chemistry studies to explore its interactions with biological targets, aiming to optimize drug efficacy and safety profiles.