This compound is primarily used in organic synthesis as a building block for more complex molecules, particularly in pharmaceutical research. It serves as a key intermediate in the preparation of indole derivatives, which are often explored for their biological activities, such as anti-inflammatory, anticancer, and antimicrobial properties. The tert-butoxycarbonyl (Boc) protecting group in the molecule is crucial for safeguarding the indole nitrogen during multi-step synthetic processes, allowing for selective reactions at other functional groups. Its carboxylic acid group enables further modifications, such as amide bond formation, making it versatile in drug discovery and development. Additionally, it finds utility in the synthesis of peptidomimetics and other bioactive compounds targeting various therapeutic areas.