Used primarily in the treatment of schizophrenia and schizoaffective disorder, this compound helps manage symptoms such as hallucinations, delusions, and disorganized thinking. It works by modulating dopamine and serotonin activity in the brain, contributing to improved mood stability and cognitive function. Available in both immediate-release and extended-release formulations, it allows for flexible dosing, including once-monthly injectable options that support treatment adherence in patients with difficulty maintaining daily medication routines. It is also prescribed off-label in some cases for bipolar disorder and severe agitation.