Used in pharmaceutical research as a key intermediate in the synthesis of serotonin receptor modulators and neuroactive compounds. Shows potential in studies related to central nervous system disorders due to its structural similarity to tryptamine derivatives. Also investigated for its role in cell signaling pathways and neuroprotection. Employed in the development of novel antidepressants and anxiolytic agents. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies of indole-based bioactive molecules.