This compound is primarily used in biochemical research due to its structural similarity to serotonin and other indole derivatives. It is often studied for its potential interactions with serotonin receptors, making it valuable in neuroscience and pharmacology for understanding receptor mechanisms and developing therapeutic agents. Additionally, its phenolic and acrylamide groups make it a candidate for studying antioxidant properties and its role in mitigating oxidative stress. Researchers also explore its potential in designing novel compounds for treating neurological disorders, such as depression or anxiety, by modulating neurotransmitter systems. Its applications extend to organic synthesis, where it serves as a building block for creating more complex molecules with biological activity.