(1-Methyl-1H-indol-2-yl)methanol is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its indole structure makes it valuable for designing molecules that interact with serotonin receptors, which are critical in mood regulation and cognitive functions. Additionally, it is employed in the synthesis of novel heterocyclic compounds, which are explored for their potential antimicrobial, anticancer, and anti-inflammatory properties. The compound's versatility also extends to agrochemical research, where it is used to develop new pesticides and herbicides.