Used in biochemical research as a precursor or intermediate in the synthesis of indole-based compounds, which are important in studying neuroreceptors and neurotransmitter pathways. Shows potential in the development of compounds with neuroprotective properties. Also utilized in the study of serotonin analogs due to structural similarity, aiding in the exploration of mood regulation and neurological disorders. Commonly employed in laboratory settings for in vitro assays related to enzyme inhibition and receptor binding studies.