This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of complex molecules. It plays a significant role in the development of pharmaceutical agents, particularly those targeting neurological disorders. The bromine atom in the structure allows for further functionalization through various coupling reactions, making it a versatile building block for drug discovery. Additionally, its indole core structure is often found in bioactive compounds, contributing to its importance in the design of potential therapeutic agents. Researchers leverage its chemical properties to explore new pathways for treating conditions such as depression, anxiety, and other central nervous system-related diseases.