Primarily used in research settings, this compound is studied for its psychoactive properties and effects on the central nervous system. It has been investigated for its potential to alter serotonin and dopamine levels, making it a subject of interest in neuroscience and pharmacology. Additionally, it has been explored in the context of understanding hallucinogenic substances and their impact on behavior and cognition. However, it is not approved for medical or therapeutic use due to its potential for abuse and lack of established safety profile.