This compound is primarily utilized in pharmaceutical research and development, particularly in the study of central nervous system (CNS) disorders. It acts as a selective agonist for serotonin receptors, which makes it valuable for investigating treatments for conditions like depression, anxiety, and other mood-related disorders. Its structural properties allow it to interact effectively with specific neurotransmitter systems, aiding in the development of novel therapeutic agents. Additionally, it is used in preclinical studies to understand the pharmacological mechanisms and potential efficacy of new drugs targeting serotonin pathways.