Used in research as a synthetic intermediate for bioactive compounds, particularly in the development of serotonin receptor ligands and neuropharmacological agents. Its structure mimics tryptamine derivatives, making it valuable in studies related to central nervous system disorders. Also explored in the synthesis of novel analogs for evaluating antimicrobial and anticancer activity. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to its modifiable amide and methoxy functionalities.