This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the production of compounds targeting central nervous system (CNS) disorders, such as depression, anxiety, and schizophrenia. Its structure, featuring both indole and piperidine moieties, makes it valuable for designing drugs that interact with serotonin and dopamine receptors. Additionally, it is employed in medicinal chemistry for optimizing drug candidates, enhancing their potency, selectivity, and pharmacokinetic properties. Its role in creating novel therapeutic agents underscores its significance in advancing drug discovery efforts.