Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of serotonin receptor modulators and other central nervous system agents. Its structure supports the construction of complex indole-based molecules, making it valuable in medicinal chemistry for drug discovery. Commonly employed in the preparation of tryptamine derivatives and bioactive molecules with potential antidepressant, anxiolytic, or anti-migraine activity. Also utilized in research settings for the design of novel heterocyclic compounds in organic synthesis.