This compound is primarily utilized in research focused on neurological and biochemical studies. It is often explored for its potential interactions with serotonin receptors, given its structural similarity to serotonin and related indole derivatives. Researchers investigate its effects on mood regulation, anxiety, and depression models, aiming to develop novel therapeutic agents. Additionally, it is studied for its role in modulating nicotinamide pathways, which are crucial in cellular energy metabolism and DNA repair. Its dual functionality makes it a valuable compound in the development of drugs targeting neurodegenerative diseases and metabolic disorders.