Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drug candidates targeting neurological disorders, such as Alzheimer's disease, due to its unique pyrrolopyridine scaffold. Additionally, it finds application in the creation of small molecule inhibitors for kinases, which are crucial in cancer therapy. Its bromine atom allows for further functionalization, making it a versatile building block in medicinal chemistry.