This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research due to its structural similarity to indole alkaloids, which are known for their diverse biological activities. It serves as a key intermediate in the synthesis of complex molecules, particularly those targeting neurological disorders. Researchers explore its potential in developing compounds with antidepressant, anxiolytic, or neuroprotective properties, as its core structure can interact with serotonin and other neurotransmitter systems. Additionally, it is investigated for its role in creating novel drugs for treating conditions like Parkinson's disease or depression, leveraging its ability to modulate receptor activity in the brain. Its application extends to studying biochemical pathways and designing analogs with enhanced therapeutic efficacy and reduced side effects.