This compound is widely used in organic synthesis, particularly in the development of pharmaceutical intermediates. It serves as a key building block for the preparation of various biologically active molecules, including potential drug candidates. Its structure is valuable in the synthesis of indole derivatives, which are known for their therapeutic properties in treating neurological disorders, inflammation, and cancer. Additionally, it is utilized in research for designing and optimizing compounds with improved efficacy and selectivity in medicinal chemistry. Its bromo and ester functional groups make it a versatile reagent for further chemical modifications.