Used in pharmaceutical research as a key intermediate in the synthesis of serotonin-related compounds and neuroactive agents. Shows potential in studies related to central nervous system disorders due to its structural similarity to tryptamine derivatives. Also investigated for its role in modulating neurotransmitter pathways, particularly those involving mood regulation and sleep cycles. Employed in the development of novel antidepressants and anxiolytic drugs. Its amide and indole functionalities make it valuable in medicinal chemistry for designing bioactive molecules with enhanced metabolic stability and receptor selectivity.