This compound is primarily utilized in research settings for its psychoactive properties, often in studies exploring its effects on the central nervous system. It is investigated for its potential role in understanding serotonin receptors and their interactions, particularly in the context of altered states of consciousness. Researchers also examine its potential therapeutic applications, such as in mental health disorders like depression or anxiety, though this remains experimental. Its use is strictly controlled and limited to laboratory environments due to its potent psychoactive nature.