Used primarily in pharmaceutical research as a synthetic intermediate for developing bioactive molecules. Shows potential in the design of central nervous system agents due to structural features that interact with neurotransmitter receptors. Commonly employed in the synthesis of indole-based compounds with possible antidepressant, antipsychotic, or anti-inflammatory activity. Also utilized in medicinal chemistry for structure-activity relationship (SAR) studies involving tryptamine derivatives. Its piperidine and indole moieties make it valuable for creating libraries of compounds targeting neurological and psychiatric disorders.