This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its potential interaction with various receptor systems. It is often explored for its role in the development of therapeutic agents targeting neurological and psychiatric disorders. Researchers investigate its efficacy in modulating neurotransmitter activity, particularly in pathways involving serotonin and dopamine, which are crucial in conditions like depression, anxiety, and schizophrenia. Additionally, its structural properties make it a candidate for drug design aimed at improving cognitive function or addressing neurodegenerative diseases. Its application extends to preclinical studies, where it is used to understand receptor binding mechanisms and to optimize pharmacological profiles for potential drug candidates.