Arachidonoyl amide is primarily studied for its role in the endocannabinoid system, where it interacts with cannabinoid receptors to influence various physiological processes. It is used in research to understand its potential effects on pain modulation, inflammation, and neurological disorders. Additionally, it is explored for its possible therapeutic applications in conditions like anxiety, depression, and neurodegenerative diseases due to its interaction with the central nervous system. In the field of biochemistry, it serves as a valuable tool for studying lipid signaling pathways and receptor mechanisms. Its application in drug development is also being investigated, particularly for targeting cannabinoid receptors to develop novel treatments.