Used in pharmaceutical research as a structural analog of tryptamine derivatives, this compound serves as an intermediate in the synthesis of biologically active molecules, particularly those targeting serotonin receptors. Its indole core makes it valuable in developing neuropharmacological agents. It is also employed in the study of metabolic pathways involving indole alkaloids and has been explored in the design of anti-inflammatory and neuroprotective agents. Due to its amide functionality, it offers favorable solubility and stability for use in assay systems and drug discovery platforms.