Used in pharmaceutical research as a key intermediate in the synthesis of serotonin receptor modulators. Shows potential in the development of central nervous system agents, particularly for mood regulation and neurological disorders. Also utilized in the preparation of ergot alkaloid analogs due to its structural similarity to natural neurotransmitters. Employed in studies exploring anti-migraine compounds and psychoactive drug candidates. Its amine functionality allows for easy derivatization, making it valuable in medicinal chemistry for building bioactive molecules.