This compound is primarily utilized in research settings, particularly in studies related to serotonin receptors. It acts as a selective antagonist for 5-HT2 receptors, making it valuable for investigating the role of these receptors in various physiological and pathological processes. Researchers employ it to explore its effects on neurotransmitter systems, which can provide insights into conditions like anxiety, depression, and other central nervous system disorders. Additionally, it is used in pharmacological experiments to better understand the mechanisms of serotonin signaling and to develop potential therapeutic agents targeting serotonin-related pathways. Its specificity and potency make it a useful tool in neuropharmacology and behavioral studies.