Used primarily in pharmaceutical research as an intermediate for developing central nervous system (CNS) active compounds. Shows potential in studies related to serotonin and dopamine receptor modulation, making it relevant in the exploration of antidepressant and antipsychotic agents. Also utilized in the synthesis of complex indole-based alkaloids with bioactive properties. Its structure supports binding affinity to neural receptors, which is valuable in neuropharmacology for designing novel therapeutics.