This compound is primarily utilized in the field of organic synthesis, particularly in the development of complex molecules. It serves as a key intermediate in the production of various pharmaceuticals, especially those targeting neurological and psychiatric disorders. Its structural properties make it valuable in the synthesis of indole-based compounds, which are often explored for their potential therapeutic effects. Additionally, it is used in research to study melanin production and related pathways, contributing to advancements in dermatology and cosmetic sciences. Its role in biochemical studies also aids in understanding enzyme interactions and metabolic processes.