WAY-353497 is primarily used in scientific research to study the pharmacology of serotonin receptors, particularly the 5-HT6 receptor subtype. It acts as a selective agonist, making it a valuable tool for investigating cognitive functions, memory processes, and potential pathways involved in neurodegenerative diseases such as Alzheimer's. Due to its specificity, it helps researchers differentiate the roles of 5-HT6 receptors from other serotonin receptor subtypes in behavioral and neurological models. It has been utilized in preclinical studies to assess effects on learning, memory enhancement, and potential anti-obesity effects through central nervous system pathways. Its application remains confined to laboratory and experimental settings, with no current clinical use in humans.