Used in pharmaceutical research as a structural analog for developing central nervous system agents. Shows potential in studies related to serotonin receptor modulation, particularly 5-HT3 and 5-HT6 subtypes, which are linked to mood, cognition, and neurodegenerative conditions. Investigated for possible antipsychotic and antidepressant effects due to its interaction with monoaminergic pathways. Also serves as a precursor in synthesizing compounds for neurological disorder drug discovery.