This chemical is primarily utilized in pharmaceutical research and development due to its potential biological activity. It is often studied for its interactions with various receptors in the body, particularly those related to the central nervous system. Researchers explore its application in the development of therapeutic agents, focusing on its potential to act as a modulator for specific neurological conditions. Additionally, it is investigated for its role in synthesizing novel compounds that could lead to advancements in treating mental health disorders or other receptor-mediated diseases. Its structural properties make it a candidate for further exploration in drug discovery and medicinal chemistry.