Used in pharmaceutical research as a precursor or intermediate in the synthesis of serotonin receptor modulators and other neuroactive compounds. Its structural similarity to tryptamine allows it to serve as a building block for indole-based bioactive molecules. It has been explored in the development of agents targeting central nervous system disorders, including anxiety, depression, and sleep disorders. Also investigated for potential use in prodrug designs due to the carbamate functionality, which can improve metabolic stability and blood-brain barrier penetration. Additionally, it finds use in medicinal chemistry for structure-activity relationship (SAR) studies of indole derivatives.