This compound is primarily utilized in the field of medicinal chemistry and pharmacological research due to its potential as a bioactive molecule. It is often investigated for its interaction with various receptors in the central nervous system, particularly serotonin and dopamine receptors, making it a candidate for the development of psychotropic drugs. Researchers explore its application in treating neurological and psychiatric disorders, such as anxiety, depression, and schizophrenia, by modulating neurotransmitter activity. Additionally, its structural features suggest potential use in designing selective receptor agonists or antagonists, contributing to the development of targeted therapies. Its application in drug discovery is supported by its ability to cross the blood-brain barrier, enhancing its efficacy in addressing CNS-related conditions.