This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure, featuring an indole core, makes it valuable for constructing compounds that interact with serotonin receptors, which are crucial in mood regulation and cognitive functions. Additionally, it is employed in the synthesis of complex heterocyclic compounds, which are often explored for their potential therapeutic properties, including anticancer and anti-inflammatory activities. Its tert-butyl group provides stability and facilitates further chemical modifications, making it a versatile building block in medicinal chemistry.