Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Its structure supports the development of serotonin receptor ligands and other neuroactive agents. Commonly employed in the preparation of indole-based derivatives for medicinal chemistry research, particularly in studies related to central nervous system disorders. Also utilized in the synthesis of fluorescent probes and imaging agents due to its favorable photophysical properties. Serves as a building block in the development of kinase inhibitors and anti-cancer agents.