Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Shows potential in the development of serotonin receptor modulators due to structural similarity to tryptamine derivatives. Employed in research related to central nervous system agents, particularly in studies exploring antidepressant and neuroprotective effects. Also utilized in the preparation of fluorescent probes for biochemical imaging, leveraging its indole-based aromatic system for optical properties. Investigated for use in agrochemicals as a building block for plant growth regulators.