Used in pharmaceutical research as a structural analog of tryptamine derivatives, showing potential in the development of neuroactive compounds. It serves as an intermediate in synthesizing agents that modulate serotonin receptors, which may have implications in treating neurological and psychiatric disorders. Also explored for its role in medicinal chemistry for designing novel antidepressants or anxiolytics. Additionally, it is employed in the study of indole-based signaling molecules in biochemical pathways.