Used in research as a derivative of serotonin and tryptamine compounds, this chemical serves as an intermediate in the synthesis of biologically active molecules. It is particularly valuable in studies related to central nervous system receptors, including serotonin (5-HT) receptor subtypes. Its structural features make it suitable for exploring neurochemical pathways and developing potential psychoactive or neuropharmacological agents. Additionally, it may be employed in the preparation of fluorescent probes or tracers due to its indole core, which is known for inherent fluorescence properties. The compound is primarily utilized in laboratory settings for drug discovery and neurochemical research, not for commercial or therapeutic use.