This compound is primarily utilized in pharmaceutical research and development as an intermediate in the synthesis of biologically active molecules. It is particularly valuable in the creation of compounds targeting central nervous system disorders, such as depression, anxiety, and schizophrenia, due to its structural features that interact with neurotransmitter receptors. Additionally, it serves as a key building block in the preparation of potential drug candidates for treating neurodegenerative diseases. Its piperidine and indole moieties make it a versatile scaffold for medicinal chemistry, enabling the exploration of novel therapeutic agents.