This compound is primarily utilized in pharmacological research as a selective antagonist for serotonin receptors, particularly the 5-HT3 subtype. It is often employed in studies aimed at understanding the role of serotonin in the central and peripheral nervous systems. Its application is significant in exploring mechanisms related to nausea, vomiting, and certain psychiatric disorders. Additionally, it serves as a valuable tool in experimental models to investigate the effects of serotonin modulation on gastrointestinal motility and pain perception. Its specificity makes it a key compound in developing targeted therapies for conditions influenced by serotonin activity.