Primarily used in research settings to study its effects on neurotransmitter systems, particularly serotonin and dopamine. It has been explored for its psychoactive properties, often in the context of understanding its potential impact on mood and perception. In some cases, it has been investigated for its possible use in psychotherapy, though this remains speculative and not widely accepted. Due to its structural similarity to other psychoactive compounds, it is also studied for its binding affinity and interaction with brain receptors. Its application is largely confined to academic and scientific research, with no approved medical or therapeutic uses.