Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting the central nervous system, where its indole structure plays a crucial role in interacting with serotonin receptors. Additionally, it is employed in the study of neurochemical pathways and the design of potential treatments for neurological disorders such as depression and anxiety. Its hydrochloride form enhances stability and solubility, making it suitable for experimental and formulation purposes.