This compound is primarily utilized in research settings, particularly in the study of neurochemistry and pharmacology. It serves as a precursor or intermediate in the synthesis of more complex molecules that interact with serotonin receptors. Due to its structural similarity to tryptamine derivatives, it is often explored for its potential psychoactive properties and its effects on the central nervous system. Researchers also investigate its role in modulating neurotransmitter activity, which could have implications for understanding mood disorders, anxiety, and other neurological conditions. Additionally, it is sometimes used in the development of novel therapeutic agents targeting specific receptor pathways.