This compound is primarily utilized in pharmacological research due to its potential activity on the central nervous system. It is often studied for its interaction with neurotransmitter receptors, particularly those involved in mood regulation and cognitive functions. Researchers explore its potential as a therapeutic agent for neurological and psychiatric disorders, such as depression, anxiety, or neurodegenerative diseases. Additionally, it may serve as a key intermediate in the synthesis of more complex pharmaceutical compounds targeting specific biological pathways. Its application is largely confined to laboratory settings, where it aids in understanding receptor mechanisms and developing novel treatments.