Used in pharmaceutical research as a structural analog of melatonin, this compound shows potential in modulating circadian rhythms and sleep regulation. Its thiol-containing moiety may contribute to antioxidant properties, making it of interest in neuroprotective studies. It has also been explored for its role in serotonin pathway modulation, suggesting possible applications in mood disorder research. Due to its lipophilic nature, it can cross the blood-brain barrier effectively, enhancing its utility in central nervous system-targeted therapies.