Used as a key intermediate in the synthesis of serotonin receptor modulators and other indole-based pharmaceuticals. Its structure supports the development of central nervous system agents, particularly in creating analogs for neurological research. The nitrile and benzyloxy functionalities allow for selective chemical modifications, making it valuable in medicinal chemistry for building complex bioactive molecules. Commonly employed in the preparation of tryptamine derivatives with potential antidepressant or anti-migraine activity.