Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly those targeting neurological pathways. Shows potential in the development of serotonin receptor modulators due to its structural similarity to endogenous neurotransmitters. Also employed in the preparation of novel indole-based derivatives for screening in anti-inflammatory and anticancer studies. Its amine functionality allows for easy derivatization, making it valuable in medicinal chemistry for building compound libraries.