Used in the synthesis of pharmaceutical compounds, particularly those targeting neurological disorders. It serves as a key intermediate in the production of serotonin receptor agonists, which are crucial for treating conditions like depression, anxiety, and migraines. Additionally, it is employed in research for developing novel psychoactive substances, aiding in the study of brain chemistry and neurotransmitter interactions. Its structural properties make it valuable in medicinal chemistry for designing drugs with enhanced efficacy and specificity.