Used in pharmaceutical research as a key intermediate in the synthesis of serotonin receptor modulators. Shows potential in developing treatments for neurological disorders such as depression, anxiety, and schizophrenia. Also investigated for its role in targeting specific CNS pathways due to its structural affinity for indole-based neurotransmitters. Employed in structure-activity relationship (SAR) studies to optimize potency and selectivity of novel psychoactive compounds. Additionally, studied for potential anti-cancer effects at the cellular level, particularly in signaling pathways related to abnormal cell division.