Used in research as a potential cannabinoid receptor ligand, particularly targeting CB1 and CB2 receptors for studying neurological and inflammatory pathways. Shows promise in the development of diagnostic imaging agents due to the presence of iodine, which can be used in radiolabeling for PET or SPECT imaging. Investigated for its role in central nervous system disorders, including pain modulation, neurodegeneration, and psychiatric conditions. Also serves as a chemical scaffold in medicinal chemistry for designing analogs with optimized binding affinity and metabolic stability.