Used primarily in organic synthesis as an intermediate for pharmaceutical research, particularly in the development of serotonin receptor modulators. Its structure supports the creation of bioactive molecules with potential applications in treating neurological and psychiatric disorders. Commonly employed in the preparation of tryptamine derivatives, it serves as a building block in the synthesis of compounds studied for their psychoactive, anti-inflammatory, and neuroprotective properties. Also utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its affinity for central nervous system targets.