This compound is primarily utilized in pharmacological research due to its interaction with serotonin receptors. It has been studied for its potential to modulate serotonin levels in the brain, making it relevant in the development of treatments for mood disorders such as depression and anxiety. Additionally, its structural properties allow it to be used as a reference compound in the synthesis of other serotonin-related molecules, aiding in the exploration of new therapeutic agents. Researchers also employ it in biochemical assays to better understand the signaling pathways and mechanisms associated with serotonin receptors.