This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in the production of serotonin receptor agonists, which are crucial for treating conditions like migraines and depression. Additionally, it is employed in organic synthesis to create indole derivatives, which are valuable in medicinal chemistry for their potential therapeutic properties. Its role in research and development also extends to the study of biochemical pathways and receptor interactions, aiding in the discovery of new therapeutic agents.