This compound is primarily utilized in pharmacological research due to its potential activity on neurotransmitter systems. It is studied for its effects on serotonin and dopamine receptors, making it a candidate for developing treatments for neurological disorders such as depression, anxiety, and schizophrenia. Additionally, its structural properties are explored in the synthesis of novel therapeutic agents targeting central nervous system conditions. Researchers also investigate its role in modulating receptor activity to better understand its pharmacological profile and therapeutic potential.