WAY-652941 is primarily used in scientific research to investigate serotonin receptor activity, particularly targeting the 5-HT2A receptor subtype. It serves as a pharmacological tool to help understand the role of this receptor in neurological processes such as mood regulation, cognition, and perception. Due to its selectivity and functional profile, it aids in studying the mechanisms underlying psychiatric disorders like schizophrenia, depression, and anxiety. It is not used clinically and remains restricted to laboratory and preclinical studies for evaluating potential therapeutic pathways and drug development strategies involving serotonergic signaling.