Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly those targeting central nervous system disorders. Shows potential in the development of antidepressants and anxiolytic agents due to its structural similarity to known neuroactive indole alkaloids. Also investigated for its role in modulating serotonin receptors, making it relevant in the study of mood regulation and neurological diseases. Employed in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates with improved efficacy and reduced side effects.