Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of serotonin receptor modulators and other neuroactive agents. Its structure supports the construction of complex indole-based molecules found in bioactive compounds. Commonly employed in research settings for medicinal chemistry projects, especially in the design of central nervous system (CNS) therapeutics. Also utilized in the preparation of analogs for structure-activity relationship (SAR) studies due to its functional handles for chemical modification.