Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of serotonin receptor modulators and other neuroactive agents. Its boronic acid functionality enables participation in Suzuki-Miyaura cross-coupling reactions, making it valuable in constructing complex indole-based structures for drug discovery. Commonly employed in research settings to develop potential treatments for neurological and psychiatric disorders. Also utilized in the preparation of bioactive molecules with anti-inflammatory and anticancer properties.