Used primarily as a building block in organic synthesis, especially in the development of pharmaceuticals and natural product analogs. Its structure resembles core motifs found in bioactive molecules, making it valuable in medicinal chemistry for designing serotonin receptor modulators and other neuroactive compounds. It also serves as an intermediate in synthesizing alkaloid derivatives with potential psychotropic or therapeutic effects. Additionally, it is employed in research settings to explore new pathways in heterocyclic chemistry and drug discovery.