Used primarily in pharmaceutical research as a synthetic intermediate for developing bioactive molecules. Shows potential in the design of central nervous system agents due to the presence of indole and piperazine moieties, which are commonly found in neuroactive compounds. Investigated for its role in modulating serotonin receptors, making it relevant in the study of antidepressants and antipsychotic drugs. Also serves as a scaffold in medicinal chemistry for optimizing drug-like properties such as solubility, metabolic stability, and target binding affinity.