Used in pharmaceutical research as a key intermediate in the synthesis of serotonin receptor modulators and other neuroactive compounds. It serves as a building block for indole-based derivatives with potential antidepressant, anxiolytic, or anti-migraine activity. Also employed in the development of tryptamine-related substances for studying neurological pathways. Its structural similarity to natural indolealkylamines makes it valuable in medicinal chemistry for designing analogs with tailored biological effects.