Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of serotonin receptor modulators. It plays a role in creating compounds with potential antidepressant, anxiolytic, and antipsychotic activities. Its structure supports binding to central nervous system targets, making it valuable in neuropharmacology research. Also employed in the preparation of tryptamine-related analogs for studying neurological pathways and designing novel psychoactive drugs.