This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its structural properties, which make it a potential candidate for drug development. It is often explored for its role in modulating biological targets, particularly in the central nervous system. Researchers investigate its application in treating neurological disorders, such as anxiety, depression, and schizophrenia, as it may interact with receptors like serotonin or dopamine. Additionally, its indole and piperidine moieties make it a valuable scaffold for designing novel therapeutic agents with enhanced efficacy and selectivity. It is also studied for its potential use in cancer research, where it may act as an inhibitor for specific enzymes or pathways involved in tumor growth.