This compound is primarily utilized in research settings, particularly in the study of neurotransmitter systems and receptor interactions. It serves as a selective ligand for serotonin receptors, aiding in the investigation of their roles in neurological and psychiatric conditions. Additionally, it is employed in pharmacological studies to explore potential therapeutic applications for disorders like anxiety, depression, and schizophrenia. Its use in laboratory experiments helps in understanding the biochemical pathways and mechanisms underlying these conditions.