This compound is primarily utilized in biochemical research due to its structural similarity to indole derivatives, which are significant in various biological processes. It serves as a key intermediate in the synthesis of more complex molecules, particularly those related to neurotransmitters and plant hormones. Researchers often employ it in studies focusing on serotonin pathways, as it can mimic certain properties of serotonin precursors. Additionally, it is used in the development of pharmaceutical agents targeting neurological disorders, given its potential influence on brain chemistry. Its role in plant biology research is also notable, as it aids in understanding the biosynthesis and function of auxin-like compounds, which regulate plant growth and development.