This compound is primarily utilized in pharmacological research due to its potential as a bioactive molecule. It is often studied for its interaction with serotonin and dopamine receptors, making it a candidate for developing treatments targeting neurological and psychiatric disorders. Researchers explore its efficacy in modulating receptor activity, which could lead to advancements in managing conditions like anxiety, depression, or schizophrenia. Additionally, its structural properties are investigated for potential applications in designing novel therapeutic agents with improved selectivity and reduced side effects.