Used in the synthesis of complex organic molecules, particularly in the pharmaceutical industry, where it serves as a key intermediate for developing drugs targeting neurological disorders. Its structure is valuable in creating compounds with potential therapeutic effects on the central nervous system. Additionally, it is employed in research for designing and synthesizing novel indole derivatives, which are explored for their biological activities, including anti-inflammatory and anticancer properties. The compound is also utilized in asymmetric synthesis due to its chiral center, enabling the production of enantiomerically pure substances.