Used primarily in research and development, particularly in the field of neuroscience, this compound acts as a selective ligand for serotonin receptors, often functioning as an agonist. It helps in studying the role of serotonin in various physiological processes, including mood regulation, anxiety, and depression. Additionally, it is utilized as an intermediate in pharmacological studies to understand receptor binding mechanisms and to develop potential therapeutic agents targeting serotonin-related disorders. Its application extends to preclinical trials where it aids in evaluating the efficacy and safety of new drugs aimed at treating psychiatric conditions.