Used in pharmaceutical research as a synthetic intermediate for developing bioactive compounds, particularly in the study of serotonin receptor modulators. Its structure supports activity in central nervous system-targeted therapies, including potential applications in antidepressant and antipsychotic drug development. Also investigated for use in oncology due to observed cytotoxic properties in certain tumor cell lines. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies involving indole derivatives.