This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its structural similarity to indole alkaloids, which are known for their diverse biological activities. It serves as a key intermediate in the synthesis of various potential therapeutic agents, particularly those targeting neurological and psychiatric disorders. Researchers explore its derivatives for their potential as serotonin receptor modulators, which could lead to the development of novel treatments for conditions such as depression, anxiety, and schizophrenia. Additionally, its bromo-substituted indole core makes it a valuable scaffold for designing compounds with potential antipsychotic and antidepressant properties. The compound is also studied in the context of drug discovery to understand its interactions with biological targets, aiding in the optimization of drug efficacy and selectivity.