This compound is primarily utilized in biochemical research as a precursor or intermediate in the synthesis of more complex molecules, particularly those targeting neurological pathways. It is often employed in the development of compounds that interact with serotonin receptors, due to its structural similarity to serotonin. Researchers use it to study and design potential therapeutic agents for conditions such as depression, anxiety, and other mood disorders. Additionally, it serves as a valuable tool in organic synthesis for creating indole derivatives, which are significant in medicinal chemistry for their diverse biological activities. Its hydrochloride form enhances solubility, making it easier to handle in experimental settings.