This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive molecules. It serves as a key intermediate in the creation of compounds targeting neurological disorders, such as serotonin receptor modulators, due to its piperazine and indole moieties. These structural features are crucial for interacting with central nervous system receptors. Additionally, it is employed in the preparation of potential antipsychotic and antidepressant agents, leveraging its ability to influence neurotransmitter systems. Its tert-butyl carboxylate group enhances stability and facilitates further chemical modifications, making it valuable in medicinal chemistry workflows.