Used in pharmaceutical research as a derivative of tryptamine, this compound serves as an intermediate in the synthesis of bioactive molecules targeting serotonin receptors. It has been explored in the development of central nervous system agents, including potential antidepressants and anxiolytics. Its structure allows for modification to enhance binding affinity and selectivity in neurochemical pathways. Additionally, it is investigated for use in studying indole alkaloid metabolism and as a scaffold in medicinal chemistry for designing novel psychoactive or neuroprotective compounds.