This compound is primarily utilized in the pharmaceutical industry for its potential therapeutic effects. It is often investigated for its role in the treatment of psychiatric disorders, particularly as an antipsychotic agent. Its structure suggests it may interact with neurotransmitter systems in the brain, potentially aiding in the management of conditions like schizophrenia or bipolar disorder. Additionally, it is studied for its sedative properties, which could be beneficial in managing anxiety or sleep-related issues. Research is ongoing to explore its efficacy, safety, and potential applications in mental health treatments.