This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structure, featuring an indole moiety, makes it valuable for designing molecules that interact with serotonin receptors, which are crucial in treating conditions like depression, anxiety, and migraines. Additionally, it is employed in the creation of pharmaceutical agents that modulate other central nervous system pathways, contributing to the development of novel therapies. Its piperidine and tert-butyl carboxylate groups further enhance its utility in optimizing drug-like properties, such as stability and bioavailability.