This compound is primarily utilized in the field of medicinal chemistry due to its potential pharmacological properties. It has been investigated for its role as a serotonin receptor modulator, which makes it a candidate for the development of therapeutics targeting central nervous system disorders. Its application extends to research focused on anxiety, depression, and other mood-related conditions, where modulation of serotonin pathways is crucial. Additionally, its structural features make it a valuable scaffold for designing novel compounds with improved efficacy and selectivity in drug discovery efforts. Researchers also explore its potential in treating neurodegenerative diseases, given its interaction with specific receptors implicated in such conditions.