This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its potential interactions with specific biological targets. It is often investigated for its role as a ligand or modulator in receptor-binding studies, particularly those involving the central nervous system. Researchers explore its application in the development of therapeutic agents aimed at treating neurological and psychiatric disorders, such as schizophrenia or anxiety, by targeting specific neurotransmitter pathways. Its structural features make it a candidate for further optimization in drug discovery efforts, particularly in designing molecules with enhanced selectivity and efficacy. Additionally, it may be used in biochemical assays to study the mechanisms of action of related compounds, contributing to the broader understanding of drug-receptor interactions.