This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various biologically active molecules. Its structure, featuring both a hydroxyl and a fluorine group, makes it particularly valuable in the development of pharmaceuticals, especially those targeting neurological and psychiatric disorders. Additionally, it is employed in the synthesis of complex indole derivatives, which are often explored for their potential therapeutic properties, including anti-inflammatory and anticancer activities. Researchers also leverage its unique chemical properties to study and modify indole-based compounds, enhancing their efficacy and selectivity in drug development.