Used primarily in pharmaceutical research as a key intermediate in the synthesis of serotonin receptor modulators. It serves as a structural analog in developing compounds that target neurological pathways, particularly those involved in mood regulation and cognitive function. Its indole-based framework allows for easy functionalization, making it valuable in creating libraries of bioactive molecules for drug discovery. Also employed in studies related to anti-inflammatory and neuroprotective agents due to its ability to interact with central nervous system targets.