Used in organic synthesis as a building block for pharmaceuticals and biologically active compounds. Serves as an intermediate in the development of serotonin receptor ligands and neurochemical research tools. Applied in studies related to tryptamine derivatives due to its structural similarity to natural neurotransmitters. Also utilized in the preparation of fluorescent probes and dyes for biochemical assays. Common in medicinal chemistry for designing compounds with potential antidepressant, antipsychotic, or anti-migraine activity.